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IT helps rather to uplift the economic crisis not to make it worse..so its rumours to say IT has been afftec by economic crisis. IT helps rather to uplift the economic crisis not to make it worse..so its rumours to say IT has been afftec by economic crisis.
Wiki User
∙ 15y ago
Wiki User
∙ 15y agoSome effects
* Limited New projects/clients * Reduction in existing projects/clients * Lesser operating margins * Tougher competition from peers * Pink slips to low performing employees * Smaller pay hikes and lesser promotions * Reduced onsite opportunities
etc...
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What is the difference between a financial crisis and an economic crisis and which of both affects the other most?
A financial crisis is when wall street and the banks are failing. An economic crisis is when there is high unemployment or a recession.
What factors contribute to a financial crisis?
Depending on what kind of financial crisis is being described for example; large scale financial crisis such as businesses and communities or small scale such as personal financial troubles. On a personal level not having enough money to live of for necessities is a crisis. For large scale like a community if the economy is bad then that is a big problem as well.
What name was given to the meeting held in Toronto Canada to discuss the financial crisis of 2007-2010?
The meeting held in Toronto, Canada to discuss the financial crisis of 2007-2010 was known as the G20 Toronto Summit. It took place in June 2010 and brought together the leaders of the world's major economies to discuss solutions to the global economic challenges posed by the crisis.
How does the global financial crisis effect nz?
There are many affects on the NZ economy because of the Global Financial Crisis. A few are: * Unemployment! * Govt. employs an expansionary fiscal policy. Lowers direct tax rates in an effort to increase demand and spending in the economy. * RBNZ adjust monetary policy by lowering interest rates, making saving less attractive and increasing demand and spending. * Demand for exports falls. Creating a deficit in net exports, i.e. buying more moneys worth than we sell. * Investment in the country falls due to loss of confidence. * Recession depression. Mental health and perhaps Physical health suffers.
What is different between currency crisis and financial crisis?
Yes. Both refers to the same.
What is the status of the Philippine trade industry?
The Philippine trade industry has slowed down because of the global financial crisis.
Where did the global financial crisis start?
The origin of the Financial crisis was in the United States.
Has the global financial crisis affected nestle?
No
How does the global financial crisis affect the budget situation in Ghana?
The global financial crisis has a negative effect on the budget situation in Ghana. The country is at a crisis point, with a corrupt government and the people are suffering greatly.
What is sub prime crisis?
Subprime crisis is a crisis started in the year 2008 that affects the mortgage industry because of the approved loans that they could not afford. In result, many lending institutions and hedge funds closed. This also affects the global credit market that results in higher interest rates of credit.
What is the difference between a financial crisis and an economic crisis and which of both affects the other most?
A financial crisis is when wall street and the banks are failing. An economic crisis is when there is high unemployment or a recession.
What has the author Holly Dolezalek written?
Holly Dolezalek has written: 'The global financial crisis' -- subject(s): Global Financial Crisis, 2008-2009, Juvenile literature, Economic history
What has the author John Authers written?
John Authers has written: 'The European financial crisis' -- subject(s): Monetary policy, Global Financial Crisis, 2008-2009, Economic conditions, Banks and banking 'The fearful rise of markets' -- subject(s): Global Financial Crisis, 2008-2009, Financial crises, Capital market, History 'The fearful rise of markets' -- subject(s): Global Financial Crisis, 2008-2009, Financial crises, Capital market, History
What has the author Richard G Zind written?
Richard G. Zind has written: 'Saudi Arabia and the Global Financial and Oil Market Crises' -- subject(s): Economic policy, Economic conditions, Global Financial Crisis, 2008-2009, Petroleum industry and trade
When was a recession in 1990's?
The Global Recession in the 90s and the Global financial Crisis in the mid 90's.
Why did the global financial crisis happen?
A main factor for the global financial crisis has to do with mortgages that were packaged to people who were at risk of defaulting on their payments. Many lenders made mortgage packages that looked achievable for average people.
What was the sudden drop in stock market called?
GFC- Global Financial Crisis
