US faces severe recession
The US faces a recesssion in which the production of consumer durables and the construction of new houses nosedives.
PAGE NAVIGATOR(Help)
-
The Global Financial Crisis »The Global Financial Crisis
▲
Potential consequences of the financial crisis? »Potential consequences of the financial crisis?
■
US faces severe recession
●
Early baby boomers will be hit particularly hard »Early baby boomers will be hit particularly hard
●
Bank bankruptcy bailouts worsen national fiscal position »Bank bankruptcy bailouts worsen national fiscal position
●
Commercial real estate loan market will seize up »Commercial real estate loan market will seize up
●
Driven deeper by vicious circle of losses fueling further losses »Driven deeper by vicious circle of losses fueling further losses
●
Major investment projects are scaled back »Major investment projects are scaled back
●
Major nonfinancial companies go bankrupt as well »Major nonfinancial companies go bankrupt as well
●
Recession leads to defaults on other unsecured debt »Recession leads to defaults on other unsecured debt
●
Sharp decline in consumer spending »Sharp decline in consumer spending
●
Unemployment above 10 percent »Unemployment above 10 percent
+Commentaar (0)
+Citaten (1)
+About