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Are Any Western Economies Performing OK?

  • 31-10-2008 7:13pm
    #1
    thischarmingman
    Closed Accounts Posts: 54 ✭✭


    Or is everyone fubar? what about Australia, Canada etc. What are their economic forecasts generally like


Comments

  • #2
    todolist
    Registered Users, Registered Users 2 Posts: 815 ✭✭✭todolist


    Because of globalisation virtually all countries will be effected by the credit crunch/recession.No capitalist country can escape.


  • #3
    Danno
    Registered Users, Registered Users 2 Posts: 8,913 ✭✭✭Danno


    How about the Middle Eastern States, surely the cash cow that is oil will keep them going?


  • #4
    leninbenjamin
    Closed Accounts Posts: 8,983 ✭✭✭leninbenjamin


    Danno wrote: »
    How about the Middle Eastern States, surely the cash cow that is oil will keep them going?

    not really, demand for oil has plummeted and this is reflected in the prices falling. they wont be badly as affected but they are still going to take a hit like everywhere else


  • #5
    todolist
    Registered Users, Registered Users 2 Posts: 815 ✭✭✭todolist


    Danno wrote: »
    How about the Middle Eastern States, surely the cash cow that is oil will keep them going?
    They're mostly run by hopelessly corrupt goverments.They've always had high unemployment.In some Arab nations its up to 30%.A small cabal receive the oil money.


  • #6
    Pgibson
    Closed Accounts Posts: 406 ✭✭Pgibson


    Norway is as solid as a rock.

    Helping to bail out Iceland this week:

    http://www.icelandreview.com/icelandreview/daily_news/?cat_id=16539&ew_0_a_id=314814

    .


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  • #7
    Frankie Lee
    Registered Users, Registered Users 2 Posts: 3,285 ✭✭✭Frankie Lee


    How are Venezuela and Bolivia doing, Venezuela might struggle with the low Oil prices as they have mainly crude oil which needs high oil prices to be viable.


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