Monday, May 24, 2010

DEVELOPED COUNTRIES SCRUMBLE FOR LONG TERM FINANCIAL AND ECONOMIC RECOVERY HAS NOT BEEN UNIFORM, PARTICULARLY IN THE EURO-ZONE COUNTRIES WITH STRONGER DOMESTIC CURRENCY.

Developed countries scrumble for long term financial and economic recovery after flactuation in economic performance preceeded by the financial crisis has not been uniform, specially when recovery in both the USA and the European countries have been compared to each and every country within the European zone in terms of economic performance, debt, or deficit revaluation, inflation and currency devaluation.
Unlike the USA, European countries with stronger domestic currencies would not be subjected to the flactuation , despite accession with no obligation to the use of euro as its only domestic currency as aresult businesses in use of European stronger domestic currencies will continue to boost gains and growth in the domestic markets,inspite of devaluation of the European currency the euro.

Written by Godfrey Ohia.

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