Global recession jeopardizing the poor
Dear editor,We continue to be afraid with global recession taking new shape each day.
Sunday, October 12, 2008
Dear editor,
We continue to be afraid with global recession taking new shape each day.
Look at the failure of the US financial bailout; it has had a volatile effect on European financial markets with banking shares in London for example, the hardest hit.
The financial crisis is making it difficult for even ‘the untouchables’ to get a bank loan, a mortgage or a credit card?
That is why I feel very worried. If the big economies are in trouble, what about the developing ones?
Where are we likely to be in future?
God forbid for we would be in great trouble.
KACYIRU