Global Slowdown ‘Becoming a Genuine Possibility’

As everyone would agree the job market for almost every job is still pretty low compared to recent years. Unemployment hasn’t really changed all that much since the debacle of the 2008-2010 job crash. And bigger corporations globally are still choosing reduction in workers as a way of means to keep their bonuses sky high. This has led to many experts to believe we will be heading into another recession, as denoted by Gerard Lyons.

“Is the global economy heading into another recession? This is now becoming a genuine possibility, given events in recent months,” said Gerard Lyons, chief economist at Standard Chartered in London, in a research note. “The inability of European politicians to address their problems suggests that uncertainty about the euro area will persist, with the periphery remaining in recession.”

The United States economy has managed to reduce some of the unemployment issues; however there are still big problems in Europe and Asia that still rely on exports. China’s official services PMI fell to its lowest point since November 2010. Also, the falling prices of iron or and coal are contributing to the China’s slowdown.

Check out here for more info!

Global Slowdown ‘Becoming a Genuine Possibility’