A financial tsunami smashed through the world economy this month, sweeping away Wall Street titans and sending shock waves through Europe, Asia and Emerging Markets. The Hungarian stock exchange took a massive hit, dropping 40% this month. All Central European economies are affected, and analysts are asking aloud whether the region’s 10 year boom may be over, and whether the introduction of the Euro may be delayed in some markets.
It’s a confusing situation, and only when the flood waters recede will we understand how our economic landscape has been altered. While many speculate about technology recession, Google’s spectacular 3rd quarter results seems to suggest online marketing budgets are resilient.
I’d like to hear from nowEurope readers and contributors. What signs do you see? How will this recession affect your business, and what steps are you taking to meet the challenge? Please use the comments to let me know what you think.
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