http://www.bloomberg.com/apps/news?pid=20601087&sid=atYNnu818TbE
It is evident that economies across the globe are having trouble. Falling export demand is hurting economies in Asia and the Pacific. The economic problems of the United States are affecting other countries because Americans are avid consumers, but in these hard economic times Americans are buying less, which has a global impact. Not only is the United States in a recession, but so are Japan and Hong Kong. Factory output is slumping and manufacturing is contracting. For example, manufacturers in China were forced to let workers go, and China's economic growth has slowed as it feels the effects of the global economic slowdown.
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The impact of decreased demand for China's exports is being felt particularly hard by the Chinese laborers. As a result, their has been a mass migration of Chinese workers from cities back to rural farming communities.
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