The news today about the upturn in US economic is definitely welcoming but we should not quite celebrate yet. The figures indicated that the US economy grew at a rate of 3.5% in Q3 but we have to take into account the huge government stimulus that has been injected into the economy. Part of the [...]
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At the start of the global recession, the Icelandic banks famously collapse forcing the government to rely on a £6.1bn international aid package. This caused a massive drop in the value of the currency (krona), making the importing of goods extremely expensive. McDonald’s have announced that they will pull their franchised operation out of Iceland [...]
Filled Under: General