Global crisis will have disastrous economic effects since the builders, designers, furniture manufacturers and ending with those who mounted air conditioning didn’t had an intense activity. Basically, everybody loses, with very few exceptions, appreciate some economical analysts. The attention it is draw to what it is so-called “special offers” and “real estate bargains. In an interconnected economy, any blockage in a particular area, affects both related fields and other areas, in a very logical way but also unexpected , said real estate specialists. After the international financial crisis led to stagnant sales of homes after banks began requiring stronger guarantees from developers including office buildings, many developers have announced projects to freeze or stopping the works.
Besides this, the world economic crisis could send the unemployed up to 51 million people, if the situation continues to deteriorate, warned Wednesday representatives of the International Labor Office (ILO), to report on the labor market in 2009, reports AFP.
Comparing the situation in 2007 the number of unemployed worldwide could increase by 18-30 million and 51 million even if the situation continues to deteriorate . In accordance with this latter scenario, worst, the number of unemployed worldwide would advance to 230 million, compared with 190 million in 2008 and 179 million in 2007, the ILO estimates. The report showed that “more than 200 million people, most of the developing economies, could thicken among extremely poor workers”, and so the most worst scenario could materialize ILO representatives will be “realistic”, not “alarmist”. ILO warns that economic turmoil has “increased anxiety” about the social effects of globalization.
We will be witness at the doubling of unemployment and the most affected sectors are construction and civil engineering, food, industry and finance. There is a risk that almost 20% of those who work in finance-banking and insurance to lose their jobs next year. Most affected will be those that provide advice and those who work in insurance for freelancers.
