Double Dip Recession

The world stock market is again tumbling due effected by the European economic crisis. Economic shock waves is again felt all over the world. Stock markets are in their lowest standing for over a year now.

Many fears that there might be a double dip recession - it is the second bite of the GFC. Economist however are not much worried. Their proof, jobs are still on the rise despite the volatility of the economies.

No matter what authorities say, the ordinary people like me is feeling the pinch again. The lower forex rate of the AUD from more thant USD0.90 to USD0.80 make so much diffirence as I send back remittance to the Philippines every month.

Big projects are now on hold. If after the current projects are finished, will a double dip recession eminent? Will unemployment be again on the rise?

1322 = 1317 = 1341

About the Author

Ver Pangonilo
A Filipino Engineer, Registered Professional Engineer of Queensland (RPEQ) - Australia and Professional Electrical Engineer (PEE) - Philippines with extensive experience in concept select, front-end engineering, HV & LV detail design, construction and commissioning of Hazardous and Non-Hazardous Area electrical installations in water and waste water pipeline and pumping facilities, offshore platforms, hydrocarbon process plants and pipelines including related facilities. Hazardous area classification and design certification (UEENEEM015B, UEENEEM016B, UEENEEM017B).
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