2008年11月11日 星期二

1 dollar GDP growth

Just read a daily report written by Mr Cho from Hong Kong Economic Journel. He said that 1 dollar (should be US dollar) GDP growth in first tier countries is equivalent to 4 to 5 dollars credits in financial market. In the past, a big portion of GDP growth was driven by credit in US. But now, in recession, GDP must drop and thus credit needs to be dropped too.

This means it is difficult to get money from the bank to buy things meaning difficult to do business.

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