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Indrani Dasgupta
Loading ...Do you think the financial crisis is almost behind us?
There is no question that the effects of the financial crisis are ongoing; companies are still downsizing, advertising spend remains low and most corporations aren’t hiring. However, Kipp has noted a shift in attitude in the region, from apocalyptic to begrudgingly (and only slightly) positive. According to numerous articles we’ve read and our conversations with financial analysts, the end of the financial crisis may be near.
Most of Kipp’s readers, however, disagree; 70 percent of respondents to our poll say the financial crisis is far from over, and that “we have a long way to go before it’s over.”
Indeed, the World Bank projects that the world’s economies may recover in 2011. That’s a long time for those who have suffered severe financial losses due to the global economic meltdown.
In spite of the bleak projections, regional politicians insist there are signs are recovery; and some of Kipp’s respondents agree. Thirteen percent claim that world economies are “starting to stabilize.”
Meanwhile, 3 percent claim they don’t know if the crisis is behind us, and 9 percent of respondents said were made redundant recently, and have been unable to find new jobs in the current economic climate.
And of course, 5 percent of our clued in respondents asked “What financial crisis?”
Sometimes we wonder why we bother.
Compared to other countries, it is paltry. The UAE law on maternity leave needs addressing, thinks Sam Potter, and not just to boost the Emirati population.
Emirates airline is taking a new direction with its advertising, apparently. No doubt it will spend a fortune in the process, but why bother? Sam Potter will help for free.
Those ranting about Filipe Massa’s capitulation to team mate Fernando Alonso in the German Grand Prix are forgetting that Formula One is a team event. Like in business, the team comes first.
Kipp’s poll wanted to know, if you could change one thing about your job, what would it be? The results are in, and there is one rather predictable winner.
I wouldnt say the economy crisis is over yet, but we have seen signs of recovery like spreads are getting tighter and banks are wiling to take more risk. Big investment funds are taking this as an opportunity to aquire other firms at a bargain prices. Some entered too early and now I think is the best time if you have a deep pocket and you look for long term investments. Many argue about oil saying if it keeps on rising it wont help the economy to recover, but I look at it differently if oil goes up then that means many people in the GCC will get to keep their jobs and money earned from oil will be reinvested either globally or internally which in both cases it will be good for the economy.
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