We are very sorry in sounding so gory, but truth has to be reported.
A new analysis by Goldman Sachs sounds a somber tone. It suggests that the downturn is still in its incipient phase, and that job losses could surpass 2 million in 2009, with unemployment climbing to 8%. The report suggests that over the next year, "lagging" sectors of the economy — like construction, manufacturing, financial services and retail — are likely to incur many of the coming losses. Necessities like health care will remain steady, and "Hollywood should do O.K.".
Read this article on lay-offs here.
A new analysis by Goldman Sachs sounds a somber tone. It suggests that the downturn is still in its incipient phase, and that job losses could surpass 2 million in 2009, with unemployment climbing to 8%. The report suggests that over the next year, "lagging" sectors of the economy — like construction, manufacturing, financial services and retail — are likely to incur many of the coming losses. Necessities like health care will remain steady, and "Hollywood should do O.K.".
Read this article on lay-offs here.
does the financial crisis affect the job prospectus of eco students who r going to pass out in say 4 yrs frm now?
ReplyDeleteEco students have a huge pool of jobs for them. The financial crisis after 4 years will definitely have resolved and things would be better for sure.
ReplyDeleteBut eco students actually have a job prospect not only in investment banks, but in many leading organisations like World Bank, stock exchanges of nations and state run banks too.
So eco guys dnt wry, things are always good...:))
And yes dont always go for such analysis..remember it was Goldman Sachs which actually started the "Decoupling Theory" and it was proved wrong in hardly 6 months.
ReplyDeleteThings cant go wrong for 5-6 years at a run, especially in today's world, and the present situation where almost all the nations have been affected.
Rightly said. These reports must be taken with a pinch of salt, can't give them too much credit. And 4 years down the line may be too long a period for anyone to make meaty claims about now, especially with every prediction from every analyst of repute going down the drain.
ReplyDelete