Macroecnomic Situation
In the year 2007 the real estate pricing in the United States plummet from its peak causing securities attached to it to also plummet, hence, damaging the financial institutions in America. As a result securities suffered large losses in 2008 and part of 2009. This triggered a series of problem as the financial institutions tried to regain the hold of the situation. In the long run some major financial institutions collapsed. Most governments responded with rescue packages to bail out their financial institutions. During the period global economies slowed down due to inadequate credit and reduced international trade leading to a global financial crisis (United Nations Conference on Trade and Development 2009).
The global economy is currently trying to recover but it is unclear whether it will be able to fully recover in time. By 2011 fisical support measures had faded away, being that they were not fully replaced led the softening of output and trade growth. This situation is calls for concern since the temporary drivers have are slowing down before self-sustaining growth dynamics catch up. In the U.S. unemployment is still persistent and there is a low wage growth which is holding back aggregate demand. There is also a heightened risk of home for closure due to the fact that there are prospects of prolonged depressed housing prices (Global Economics Crisis Resource Center 2010).
The Euro zone has also experienced considerable slow growth as of the begging of 2011. The zone is also suffering from a debt crisis that heavily weighs on consumer and business confidence. Since policy makers in developed countries have been unable to prevent the debt situation and fragility in the financial sector from escalating there in an acute risk for the global economy in the 2012-2013 outlooks. Coupled with high unemployment there is a possibility of renewed global recession (Fabrizio 2010).
The experience in developing countries has been different since most countries have only experienced a mild economic slowdown. Hence, it is the developing countries and economies which are in transition are expected...
Business Plan: Bridal Salon Business Products and services Keys to Success Company description Vision Statement Mission Statement Company background Products and Industry Product Description Industry Description The Market Market and Target Customer Market Segmentation Target Market Strategy Competition and Competitive Advantage Curbing Local Competition Curbing Regional Competition Marketing Strategy Overall Strategy Sales Plan Competitive Plan Research and Development (Growth Plan) The Organization Legal and Organization Structure Key Personnel Related Service Providers Location The Financials Critical Risks Income Statement Cash Flow Projection Balance Sheet Assumptions References Executive Summary Introduction Pace-setter is a bridal salon that rides on the theme of 'experience'. It creates an environment in which
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