Is the United States of America going into a recession or not? A million $ question!!
There are media reports, analyst briefings and of course scores of online surveys saying 'it is', 'it is not' and so on. We need to view all this in the right context. And as a business strategy, there are biggies going to Europe to beat the US recession. Let us pause here... how insulated is Europe anyways !?
For example take UK considered as a key economic indicator of Europe's financial health. Let us see what CBI has got to say about the trend there...
UK’s premier business body, the Confederation of British Industry, has just turned in a survey that shows that Britons are spending less than ever on eating out, gyms, entertainment, and bars, and consumer facing businesses faced the weakest volume and value of business than at any time since 2001 — even though Britons are continuing to go on holiday.
And if confidence has anything to do with tipping the scale towards a downturn, indicators are that things are on the verge of it, probably not, and so on.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment