Economic predictions 2010 and latest forecasts are signaling the the sovereign debt issue and the world global financial crisis is not over yet. We are faced with one of the worst financial crisis' the world has ever experienced. And the government and media seem to be refusing to tell it to the people like it really is.
Here are 5 important facts to consider:
1) Unemployment right now seems to suggest records levels. Someone who is unemployed in 2010 has been that way on average for at least 9 months.
2) Consumers and their confidence levels are at the lowest levels since 2008 when the stock market melted down.
3) Debt is at an all time high. With people losing their jobs, it is harder for people to pay off their debts.
4) Smaller businesses and larger corporations are finding it harder and more expensive to import and export which is taking its toll and forcing some business to close or wind up bankrupt.
5) There is a real risk of shrinking credit. In spite of government stimulating money into the economy, people are still not confident they can borrow from the banks and be able to pay it back.
The economic predictions 2010 and forecasts now seem to be suggest that a double dip recession is coming. With many businesses not ready for such an event there is a real risk of the recession turning to something much worse. This will lead to increasing job losses, decrease in manufacturing and will also affect the prices of commodities and food. With significant price increases for food and gas, it will make it even more harder for businesses to survive, and yet again put more pressures on families in the U.S. and around the world.
Leading trend experts are now telling their clients there is a real change of an economic collapse calamity on the horizon, and now is the time time to stock up on essentials such as food, water, rice, supplies, gold bullion to protect yourself from the coming times. Preparation and formulating and plan will help if economic conditions get worse.
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