is the world economic condition getting better or is it just not moving?
By Ritchelle
@Ritchelle (3790)
Philippines
May 19, 2009 5:21am CST
lately, at least on my part, there had been no focus on the media on the bad economic condition of the world. is it the same as it was or is it getting better? i don't feel any difference. i wonder why...
3 responses
@snayak11 (154)
• India
3 Jun 09
if today the world economy is in a negative side, then its not happened overnight. its due to the overlooking of some important aspects of economy for some years ...
so dont expect the situation to be smooth in just a while. it will certainly take some months to recover and may be a year or two to come to the right place. but certainly its on an improving trend and asean countries are better placed than their europe and america counterparts. the fundamentals of chinese and indian economy is far superior than other countries due to some terrific domestic play.
@chillpill90 (1936)
•
19 May 09
well the media isnt reporting it because it hasn't changed so i believe there is not change and it hasnt moved. That doesnt mean its improved but being honest the only way the economy can go at the moment is up. So the future looks bright.
1 person likes this
@faisai (1138)
• Hong Kong
5 Jun 09
I think things have changed a little bit towards the positive side. It is not that the economy is back on track of growth now but then at least people and also the companies are not that gloomy about the future.
Few months ago, companies are having difficulties getting loans from the bank and thus they have to make hard decision to layoff people. Not that they are not laying off people now but at least their pressure on money is less and that they are moving away from the edge of broke.
Confidence of people are also improving. At least if you go out to ask people whether they expect their job would be cut soon, their answer would be less negative these days.