US recession to have less marked effect on Polish real-estate than onother developed markets09:47 GMT, Jan 22, 2008
http://www.interfax.com/5/356632/news.aspxWARSAW. JANUARY 22. INTERFAX CENTRAL EUROPE - A recession in the United States will not affect the Polish real-estate market as negatively as it could hit other developed markets, such as those in the UK or Spain, Dorota Latkowska, head of Capital Markets and parner for international real estate agency Knight Frank, told Interfax Tuesday.
szkotja2007 wrote:
Got it, its quite a read to digest fully, but a cursory glance would say the policies suggested would not stave off a recession. I would hesitate to say financial meltdown as the US has money which has to go somewhere, however, I do think a new president will have to do something to alleviate the national deficit which will affect everyone. As always, those that have the most will be least affected.
USA recession can be commented from different angles...
According to simplistic definition it can be said that country is bankrupt when it exports are less than its imports.
On the bright side recession is just a normal part of the economic cycle. So, Americans just need to be patient and to sacrifice a little of their high consumption. If they can`t be patient, few wars all over the globe would fix the problem (that`s the USA way and it is called `American mission`).
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