Financial Crisis

The global financial crisis has been affecting many people worldwide. People are being laid off, companies are closing down and the cases of unpaid loans are increasing. The most affected is the garment and the electronics industry.  A group of countries has been formed to analyzed and formulate possible solution to save the financial markets. Argentina, Brazil, China, India, Indonesia, Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, Spain, USA and European Commission are among the members of this group. The group has been formulating possible solution to solve the global crisis that’s been affecting both the rich and poor countries. The team will work on the expanded Financial Stability Forum to make sure that every government will begin to plan their exit from direct market participation. The move will be followed by a re-launch of global economic growth and job creation.

Experts believe that this crisis will continue up to the middle of 2010. However, if proper approach and plan are being done then it will be resolve in a shorter period of time. Alternative job are given to unemployed who wants to work even if it has a very low salary wage. There are millions of people worldwide who are unemployed and without work for almost 6 months. According to experts the number of unemployed will be increasing until the mid of 2010. Just recently in the news a US resident killed his wife and daughter because of depression. He was removed from his job because the company has declared bankruptcy. People should start doing what is needed to be done.