Saturday, August 21, 2010

How come a recession of < 3% GDP decline lead to decline of interational trade by 33% & of oil prices by 75%?

Sources: http://www.economist.com/businessfinance/displaystory.cfm?story_id=14133794


http://www.economist.com/displaystory.cfm?story_id=14082950How come a recession of %26lt; 3% GDP decline lead to decline of interational trade by 33% %26amp; of oil prices by 75%?
In simple terms this countrie was hedding down hill on a path un known so no body wanted to touch us. Oil prices were lowered to stimulate the economy. People coul afford gas and such again thefore drove and looked for jobs went to jobs...ect..ect

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