The global economic crisis has had a major effect on the economic activity worldwide. Various markets have collapsed and a huge number of people have lost their jobs. So what actually is there to do during a crisis?
When the crisis hit everyone was ready to predict that shops would empty and go out of business due to the lack of customers with any money to spend. Some part of this came true, but only a part. Yes a huge amount of people lost their jobs and thus their income. This had a dramatic effect on the overall economic activity as there simply was no money to spend, but this is true to a certain degree because only some specific type of shops went out of business. We must remember one thing that does not change no matter what – people must eat. So to fulfill that need they must spend the money they still have on seemingly basic stuff like food. This is why only high end retailers experienced difficulties. Of course the number of newly bought cars decreased, but food and basic clothing numbers stayed the same. Actually the crisis did one positive thing it decreased the rather high basic commodity prices that were pushed to unrealistic heights due to the previous inflated economy.
Although currently everyone is speaking about the imminent recovery the economy is still in very bad shape. It may have won the fight with death, but still will need a lot of good doctors to fully recover if that is possible at all. What do we do for the time being? Everything that can be done to scrape by and pray for the glorious return of a healthy economic activity!
