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ON THE VERGE OF A GLOBAL RECESSION...

ON THE VERGE OF A GLOBAL RECESSION...

MIISRAEL Bride · Thursday, November 3rd 2011 at 10:47AM · 213 views
YOUR WORLD NEWS
Source: Sky News
NOVEMBER 2011
3rd Day

Social unrest in scores! Major double-dip in employment!, Slowdown of the world economy! All these indicates that the world is at the doors of a global recession according to the latest International Labour Organization report. ILO warns that if such further existing issues aren't approached for a recovery the world will be in an avert new crisis. Raymond Torres, Director of ILO stated strongly " We have reached the moment of truth." The ILO's report intervenes that at least 80 million jobs are needed to be created in the next 2 years to return to pre-crisis employment rates. While the Director indicates that it's a tough financial battle to stay afloat in the job market, he insists that job growth will be the necessary food to supply the brink of avoiding a world's recession. Urging is also to the richest nations to get the economy going again the ILO report said that UK Prime Minister David Cameron stated he's on and "all-out mission" to create 37,000 new jobs. The report once again turns toward Europe troubles and hopeful recovery to save and restore markets. Europe is a strong export market would likely be the best result in the debt crisis.

Financial, social, economic are part of your world.
~0-0~ Watch and pray.

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MIISRAEL Bride Memphis, TN

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Comments (2)

Jen Fad Thursday, November 3rd 2011 at 11:07AM

I wonder what all this means for Immigrantion and those who usually move to the West for better lives for themselves and their children?

MIISRAEL Bride Thursday, November 3rd 2011 at 2:18PM

The news source stated that it's likely global employment will only create half of the jobs needed. This may result in even fewer jobs for those who migrate looking for a dream that may be deferred. Jobs may be become even more difficult to find and the employment future more bleak.

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