Sunday, October 12, 2008

Possible Effect of Global Economic Crisis

I am thinking right now! Hm, what is the possible effect of global economic crisis in the country. Here are some of that I think that will or is happening right now because of this crisis:
  1. Unemployment. A lot of companies started to close so many workers will definitely lose their jobs. I have heard that the possible industry that will be affected are pre-need plan companies, call center companies or outsourcing or BPO, real estate and other industry.
  2. Increase in prices of primary commodities. As usual products were affected as crisis continues.
  3. Businesses were affected and return of investment seems hard to achieve because of the expensive operating expenses.
Enough of this two possibilities. Now what can we do about it. I guess right now my advice is "Save something for the big storm!"

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