July 2008 - Page 2 of 2 -

Global Effect

Posted by | blog, Current Affairs | No Comments

U.S Economy which seems to have share some respite in the form of companies depending on the overseas operations seems to spell trouble. The overall economic growth seems to be spiraling down, with rising inflation and low growth rate the companies depending on the overseas market seems to be hitting the U.S economy harder. Example of these are given by Reuters as Nike and United Parcel services which depend heavily on overseas market. Inflation becoming an international phenomena and with rising fuel prices the global players are facing trouble

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