About to miss that all-important business meeting because you are stuck on Sheikh Zayed Road? We’ve all been there...April 26, 2015 9:44
Do you think the financial crisis is almost behind us?
The results are in.
July 26, 2009 12:13 by Dana El Baltaji
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.