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Economic Economic Crisis 2008Crisis 2008

Presented To: Presented To:

Sir Tisman Pasha Sir Tisman Pasha Presented By: Presented By:

Muhammad Imran KhanMuhammad Imran Khan

07-3707-37Computer Science DepartmentComputer Science DepartmentBahauddin Zakariya UniversityBahauddin Zakariya University

MultanMultan


What is What is Economic CrisisEconomic Crisis??

Economic crisis occurs as the result of the heavy cost Economic crisis occurs as the result of the heavy cost of war, unemployment and low prices and low of war, unemployment and low prices and low

levels of trade and investmentlevels of trade and investment


Economic crisis 2008Economic crisis 2008

In 2008, a global In 2008, a global economic crisis economic crisis was suggested by was suggested by several important indicators of economic downturn several important indicators of economic downturn worldwideworldwide..

These included high oil prices which led to both high These included high oil prices which led to both high food pricesfood prices and global inflationand global inflation..

A substantial credit crisis leading to the bankruptcy A substantial credit crisis leading to the bankruptcy of large and well established investment banks as of large and well established investment banks as well as commercial banks in various nations well as commercial banks in various nations around the world, increased unemploymentaround the world, increased unemployment..


Global TrendsGlobal TrendsHigh commodity pricesHigh commodity prices

In 2008,the prices of many In 2008,the prices of many commodities, notably oil and food, commodities, notably oil and food, rose so high as to cause genuine rose so high as to cause genuine economic damageeconomic damage..

TradeTrade

In mid October 2008 the shipping In mid October 2008 the shipping volume drop by 50% in weekvolume drop by 50% in week

which caused problems for exporterswhich caused problems for exporters..

UnemploymentUnemployment

The ILO predicted that atleast 20 The ILO predicted that atleast 20 million jobs will have been lost by million jobs will have been lost by the end of 2009 due to the crisis, the end of 2009 due to the crisis, bringing world unemployment bringing world unemployment above 200 million for the first timeabove 200 million for the first time..

http://en.wikipedia.org/wiki/Image:Oil_Prices_Medium_Term.jpg





Economic crises in AsiaEconomic crises in AsiaJapanJapan

The exports in June declined for the first time in five The exports in June declined for the first time in five years falling by 1.7 percent. The decline in exports years falling by 1.7 percent. The decline in exports and increase in imports cut Japan's trade surplus and increase in imports cut Japan's trade surplus $1.28 billion a decline of 90% from the previous year$1.28 billion a decline of 90% from the previous year..

SrilankaSrilanka

Sri Lanka too is affected with the global recession as Sri Lanka too is affected with the global recession as the demand for their major products at a downturn. the demand for their major products at a downturn. At the moment tea is very badly affectedAt the moment tea is very badly affected..

SingaporeSingapore

Singapore'Singapore's economy saw its biggest drop in five s economy saw its biggest drop in five years in the second quarter, falling by 6.6 percentyears in the second quarter, falling by 6.6 percent..


Crisis in PakistanCrisis in Pakistan In In PakistanPakistan the central bank's foreign currency the central bank's foreign currency

reserves, when counting forward liabilities is reserves, when counting forward liabilities is said to only amount to as little as $3 billion, said to only amount to as little as $3 billion, sufficient for a single month of imports. sufficient for a single month of imports.

Pakistan's rupee has lost more than 21 per cent Pakistan's rupee has lost more than 21 per cent of its value in 2008 and inflation is at 25 per of its value in 2008 and inflation is at 25 per cent. cent.

President Asif Ali Zardari claimed Pakistan President Asif Ali Zardari claimed Pakistan needed a bailout worth $100 billionneeded a bailout worth $100 billion

The new finance advisor led the Pakistani The new finance advisor led the Pakistani delegation to IMF-World Bank meeting in USA delegation to IMF-World Bank meeting in USA with a hope to obtain a loan from the World with a hope to obtain a loan from the World Bank which has been stopped now due to Bank which has been stopped now due to reservations from IMF on World Bank for reservations from IMF on World Bank for releasing this nature of Loan to any country. releasing this nature of Loan to any country.

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