Did any countrys escape the recession?

Bob Z

i know the recession seem world wide but did any countys escape it or not get burned too badly by it?

yidkid

Nederlands? 2.6% unemployment, expected to reach 5% but a good bit below rest of EU.

I think us and Spain will be worst affected in terms of unemployment, perhaps Greece too?

ejmaztec

I don't think that North Korea has been much affected.

bonkey

Switzerland hasn't been gutted....yet.

jank

Unemployment in NZ might...and I say might reach 7% but should go down after that. I dont think any country is unaffected but there are those that are rightly ****ed i.e Iceland Ireland, even China! There are those countrys that will ride it out. OZ, NZ, Brazil, Canada.

BlaasForRafa

I heard the acronym PIIGS being used on the news last week to refer to the weaker peripheral countries of the EU that are getting hit the worst.

PIIGS stands for Portugal, Ireland, Italy, Greece, Spain.

Kinetic^

A colleague returned to Poland to see family/friends for a week. I asked here if there was much talk of a recession at home and she said it was non-existent.

Bob Z

Kinetic^ wrote: »

A colleague returned to Poland to see family/friends for a week. I asked here if there was much talk of a recession at home and she said it was non-existent.

but isnt Poland a not too well of country anyway?

Mr.Micro

Kinetic^ wrote: »

A colleague returned to Poland to see family/friends for a week. I asked here if there was much talk of a recession at home and she said it was non-existent.

I guess it depends on the amount of debt that the country has got and whether there was a property bubble. Poland was probably prudent? I read that Russia is heading for recession and there has been a fair bit of unrest.

Bob Z

Mr.Micro wrote: »

I guess it depends on the amount of debt that the country has got and whether there was a property bubble. Poland was probably prudent? I read that Russia is heading for recession and there has been a fair bit of unrest.

Russia? and someone else mentioned China? So it hit the Communist Countrys too? Or is Russia Capitalist now?

IRISH RAIL

Israel largley escaped but not without a few job losses when I seen the figures and tought of here the total unemployed there is like a days losses here so nothing to really complain about. tourism is on the up there which is a major boost are the government here still selling Ireland overseas or do they want everyone they got to come back to feck off where they came from now that we messed it up.?

jmayo

Bob Z wrote: »

Russia? and someone else mentioned China? So it hit the Communist Countrys too? Or is Russia Capitalist now?

Yes Russia is no longer communist but yet everything still is owned and run by a connected few.

China is reliant on western consumer spending and when that is affected then they also feel the cold.

For some countries the onset of world recession doesn't make much of a difference e.g Nth Korea, Zimbabwe, Iraq.

ejmaztec

IRISH RAIL wrote: »

Israel largley escaped but not without a few job losses when I seen the figures and tought of here the total unemployed there is like a days losses here so nothing to really complain about. tourism is on the up there which is a major boost are the government here still selling Ireland overseas or do they want everyone they got to come back to feck off where they came from now that we messed it up.?

Are they the ones tunnelling out of Gaza?

RealityCheck

Bob Z wrote: »

Russia? and someone else mentioned China? So it hit the Communist Countrys too? Or is Russia Capitalist now?

Resembles a fascist dicatatorship more like:eek:

IRISH RAIL

ejmaztec wrote: »

Are they the ones tunnelling out of Gaza?

as a show of good taste ive decided to not reply about Gaza and there boom

Brooke01

Well, a developed economy will suffer to a large degree. As Ireland was the rich's country within the eu for 2008....so no really poor country will suffer much