Economic recession in Europe 2009
Oct 4th, 2010 by Jessica Li
During 2009, there was a great recession all over the world, especially in Europe. This video interviewed some of the entrepreneurs of small businesses in Europe.
Generally, people felt scared and starts to feel pessimistic about their future. They all try to cut costs and urge to have a recovery due to the financial strain that they are experiencing. One of them closed their store that his father has opened it 40 years ago, and another female entrepreneur said that her business’s profit dropped by 9-10% which she thought was pretty lucky.
Besides pessimistic, another issue was that people felt uncertain about their future. One of the chief who opened a small restaurant said if he could find a smaller place, he would go. He’s already nearly 56 years old, and he could not afford to pay for his insurance for which he had to keep working. His daughter was graduated from a master degree but still couldn’t find a job. At that time, having a job is a dream!
To conclude, this economic recession in a large prospective helped economic to grow slower, but for stable economics’ countries like Europe. They really get affected and urge for recovery.
http://boss.blogs.nytimes.com/2010/10/04/video-series-small-business-and-the-recession/?ref=smallbusiness