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1. Stock Market crash. People loose a lot of money. 2. Business shows down. 3. Some people can't pay off their loans. There foreclosures and bankruptcies. 4. Banks have incurred huge losses. Their earnings came down. 5. Financial institutions have gone bust or have been taken over by bigger organizations 6. The housing prices have plummeted 7. The liquidity in the financial system has come down etc.
Wiki User
∙ 15y ago
Wiki User
∙ 9y agoThe collapse of Lehman Brothers, a large global bank, in September 2008 almost brought down the worldâ??s financial system. The years before the collapse, a flood of irresponsible mortgage lending in America occurred. Mortgages were given out to â??subprimeâ?? borrowers with poor credit histories who struggled to repay them.
Wiki User
∙ 15y agoThe affect of the financial recession is extremely widespread and is obviously being looked at as a meltdown for the markets and for the economy in general. It also affects many people who primarily have jobs. The labor market is extremely low, but is nothing compared to the auto sector.The auto sector is also being hit hard, but the tension of the employees has still not eased even with a bailout given out by both Canadian and American governments. The companies that sell bikes and other efficient transport equipment are generally doing well and their rates have actually increased. And with the war with Gaza and Israel, things are not getting much better.There are a lot of ups and downs in this extremely undecided crisis. Who knows where the financial recession will go?
Wiki User
∙ 15y agoBecause of the crisis, there is lesser industrial production, therefore companies will lay off excess work force. The newpapers all over the world have been publishing headlines about large corporates firing people in thousands.
This crisis will worsen the unemployment situation.
Wiki User
∙ 12y agoit can make the government take some actions to improve the economic.and some people will find some chances to do business.and it will be helpfull for the country to identify the problem exist in their society
Wiki User
∙ 15y agoThe effects of this economic crisis are:
1. Banks have incurred huge losses. Their earnings came down.
2. Financial institutions have gone bust or have been taken over by bigger organizations
3. The housing prices have plummeted
4. The liquidity in the financial system has come down
5. High unemployment
etc.
Wiki User
∙ 10y agoWhen the world faces an economic crisis, people will have to suffer due to poverty and unemployment. The fuel prices will rise, the prices of food and essential items will increase, salaries will decrease. An Economic Crisis can affect the whole globe from one way or the other.
Wiki User
∙ 15y agothere will be an increase in unemployment, inflation will be caused
Wiki User
∙ 13y agobusiness will go Bankrupt , unemployment will rise and some businesses will have a recession period
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Is Ireland having a crisis?
yes! economic crisis
How Global financial crisis affects in IT industry?
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.
What causes contributes to french revolution?
France was in the middle of an economic crisis which was made worse by a high and unfair tax code.
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.
The daWES PLAN OF 1924 SHOWED AMERICAS?
concern over Germany's economic crisis
Is the economy in Canada feeling the American economic crisis?
Yes. This economic situation has global effects.
Do you agree that we are now in the economic and financial crisis?
Yes I do believe we are in a economic crisis
Is high education the solution to economic crisis?
Personally, yes education is the solution to economic crisis.
Is Ireland having a crisis?
yes! economic crisis
How Global financial crisis affects in IT industry?
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.
When will the crisis over?
You have to be more specific when you are talking about "crisis". Do you mean the economic crisis?
What causes contributes to french revolution?
France was in the middle of an economic crisis which was made worse by a high and unfair tax code.
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.
Does credit have anything to do with economic crisis?
The economic crisis has severely affected the availability of credit. It is also termed as the credit crunch.
Five example of contrast lead?
*Financial Stability vs. Economic Uncertainty *Educational Inequality *Healthcare Disparities *Climate Crisis Effects *Digital Divide
The daWES PLAN OF 1924 SHOWED AMERICAS?
concern over Germany's economic crisis
What is a economic crisis?
Economic crisis is wherein there is negative GDP growth lasting for two or more quarters. It is severe recession or depression.
