According to the National Bureau of Statistics, during the 3rd Q the economy grew at a rate of 9% that was 10.1% down compared to previous quarter.

Li Xiaochao, a spokesman from the National Bureau of Statistics, says in this connection, “The government wasn’t expecting such an intense impact of the global financial crisis.”

In the meantime, there was a slight increase in Asian share prices in early trading.

Shares rose by 2.2% in Hong Kong and similarly Japanese and South Korean stock markets also saw slight rise in shares.

“There is still no hope for a definite recovery from the financial crisis,” Li Xiaochao tells in a news conference.

“We can notice a considerable slow down in the growth rate of the world economy, as there are many volatile and uncertain factors have involved in the international economic climate.” He added.

Li told that the Chinese government had taken timely measures to overcome the economic slow down and soon we would definitely overcome it.

“The government is changing its focus from preventing the overheating of the economy and also trying to avoid structural inflation to preserve growth and control inflation.” He  further added.

According to the Labor Department report, there was 1.2 percent increase in wholesale prices during July and the rising costs for energy and other materials were the basic factors behind surge.

The increase in prices was more than double of 0.5 percent gain that was expected by some economists and it left inflation by 9.8 percent that was the highest during the past 12 months.

Core prices that didn’t include energy and food increased 0.7 percent in the last month and it was the highest increase since November 2006 and almost more than thrice the 0.2 percent increase that was expected.

According to the Commerce Department report, the construction of new homes and apartments slipped to a yearly rate of 964,000 units during July and it was the lowest in 17 years.

During the last week, a government report revealed that consumer prices jumped 0.8 percent in July and it was the highest increasing rate since 1991.

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• Labor Department report
• The Commerce Department report

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During the last year, forthcoming indices have lost by 12 to 25 % of their value.

The prevailing drop has been in Tokyo, 23.6 %, subsequent to Paris, 20.7 %, the Dow Jones Industrial Average in New York, 14.8 %, the US Standard and Poor’s 500 index, 13.6 %, Frankfurt, 12.2 %, and London, 12.1 %.

The shareholder jitters regarding the health of securities supported by the risky US home mortgages have weighed a lot on the monetary sector. All the major Banks have declared the big losses and asset jot down while others have had to be protected along with pricey bailouts.

A credit constricts, which introduced as conscious and worried banks became hesitant to lend to one another and to trade transactions, has dragged down the mainly heavily indebted sectors and trimmed down the pace of mergers and gainers.

The earlier indications showed hat the commotion was stretching from the monetary markets towards the widen economy enhanced the pressures on equity markets early on this year.

On January 21, for instance, there were declines of 7.16 % in Frankfurt, 6.83 % in Paris, 5.48 % in London and 3.86 % in Tokyo.

A later rise in commodities prices wrinkled the corporate operating margins and household buying power, acutely debilitating the consumer goods and automobile sectors.

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One of the realistic aspects of the modern day economy is the mounting inflationary rate and economic recession which is leading the world into depression as millions of people in the World are severely protesting against the regime of the United States why the prices of oil and gasoline are increasing and causing an ample influence on the overall economic-structure of the U.S.  This is all just because high oil and gasoline prices are also approved by the economists of the European countries.

Historic oil increase agonizing truckers

As the oil prices reached at $140 per barrel, the truckers get agitated and fell-down in a desperate way where they couldn’t do any thing special regarding the feasibility of their transportability just due to the consequences of highly-profiling inflationary cycles.

Job-cutting

You can see and observe a mammoth influence of high oil and gasoline prices upon the shrinking markets as the companies of the United States have strongly confirmed certain job-cuttings. For example, the declining ratio of job opportunities of the City-Group and Enterprises in the U.S confirms this fact.

Asia under severe economic-recession

The Asian countries are getting day by day effected due to inflationary phase as the prices of normal day commodities are increasing at an alarming rate such as wheat, rice, sugar, vegetables, meat, milk, tea, fish, fruits and all other kinds of groceries and this has led  millions of  people of Asian regions into an extreme economic-recession.

Lesser driving-aptitude

More and more driving-trend seems to be decreased in the phase of inflation and economic-recession and this has led to oil & gasoline pumps into a massive monetary-loss.

Shattering demand and supply cycle

Both demand and supply are badly affected due to economic-recession whereas the majority of the people don’t prefer to buying ample amount of commodities for their daily usage and in the meanwhile the manufactures became hopeless in meeting their business targets and earning a big lucrative.

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• Worldwide Economic Recession

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The economic is going on under the recessionary and inflationary cycle which is being carried on since the oil and gasoline prices have been raised in the U.S. The majority of the people in the United States are agitating so much against the policies of the President Bush regime, while Bush says no matter, because the U.S is the solo and dominant country in the world, ruling upon all over the world.

Asian economic market is also declining these days due to high oil prices in the U.S and all over the Euro around. These effected countries are India, Afghanistan, Indonesia, Sri Lanka, Pakistan, etc moving along with economic-recession.

Meanwhile, we remind to economic-recession of late 1930 in the U.S which devastated almost the entire economy of the world. Same is the case with today’s economy. People have been so much depressed that they don’t have enough economic power to buy on various and different sorts of commodities i.e, wheat, rice, pulses, vegetables, meat, fish, fruits, etc.

The circulation of supply and demand are shattered so much that manufacturers have stopped the supply of their productions, while the demands of the people is getting lesser and lesser day by day, hence prevailing as the inflationary phase.

The inflation is spreading so much in the world that the jobs opportunities in the United States have been cut-off. Several of the employees in the U.S companies are now jobless and they are helpless to do better for their future.

The culture of begging is increasing so much in the regions of Asia due to high inflationary/recessionary cycle. You could see numerous amounts of beggars while walking alongside the roads. Before this, the begging trend was quite low.

High oil prices became the huge worry not only for the people of the U.S but also Asian. The regimes of the entire world are worried while seeing at harmful impacts of the inflation. Therefore, it’s time for all of us to think serious and positively in decreasing the high inflationary rates.

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• Economic Recession

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As the oil prices reached at $139.54 during the last two weeks in the United States, the agitation and angriness of the people could observed by seeing their faces and mouth of callings upon the regime of the United States to keep control on the high oil price and mounting inflationary rates of any of the commodities for the human survival.

The impact of economic recession is not only moving on in the United States and European countries but also in the Asian regions. The most effected and inflationary countries of the Asia these days are India, Indonesia, Bangladesh, Pakistan, Sri Lanka and Afghanistan, etc.

The circle of demand and supply is absolutely disturbed due to high oil & gasoline prices. People are not moreover preferring to buy the routinely commodities but purchasing a little amount of commodities for their survival as it is clearly showing the purchasing power of the people has been shattered.

The manufactures and suppliers of different commodities in the world are going down in their daily product selling and facing a huge amount of business and trade loss.

Similarly, the stock and exchange companies everywhere in the globe are demolishing day by day due to uncertain economic conditions, bomb blasting, terrorism, calamities and a lot of other sudden and destructive incidents.

The stock rates of all the major companies of the United States are decreased such as Wall Street decline in shares, American International Group Inc, American express Co, Bank of America Corp, Goldman Sachs Group Inc, etc. These companies have been facing an extreme economic recession led them in a big worry.

There are some overseas companies which are facing the inflationary cycle and declining stock rates such as Japan’s Nikkei stock average decreased up to 0.04 percent, while Britain’s FTSE 100 went down up to 1.16 percent, Germanys’ DAX index peaked at 0.98 percent, and France’s CAC-40 increased up to 0.61 percent.

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• High Oil Prices

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The United States is suffering from inflation for the first time. It has already suffered from a huge loss during the recession era of 1930s where high crude oil prices demolished not only the U.S but also the entire world.

Today, millions of people are heavily suffering from societal, economical and cultural depressions and it is occurring due to widespread inflationary trend all around the world. The majority of the people are involved in hypertension, blood pressure, diabetes, depression and manic disorders due to high commodity prices and events of natural disasters and famines.

Meanwhile, the economists are saying that the U.S economy is under severe threat of 1930s recession, because the circumstances are turning towards a huge inflationary cycle throughout the United States.

The stocks of the U.S are trimming down. These inventories decreased by 4.6 million barrels to 303.2 million barrels last week. Now, the fourth week decline is started. These figures are shown by the Energy Department. Meanwhile, the analysts have predicted a mammoth decline in the U.S economy of about 1 million barrels.

The economists said that oil prices might switch up to $200 in the next 18 months in the world which could absolutely devastate the entire economy of the world. A lot of people could face an extreme whistle of famine and die of because of predicted starvation in the coming few years.

The election campaigns are almost over in the United States and the people are waiting for the next president of the U.S. It is projected that Obama is nearly reached to become the next president of the United States. The main questions are putting that how will the next regime of the country carry on the tasks especially combating with prevailing and agonizing inflation.

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Oil prices

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Prices of the groceries increased i.e, wheat, rice, bread, meat, cheese, butter, milk, beans, pulses, etc. The demands of the people effected to a great extent due to inflation that led towards the decline of savings of the people. Now people are no more meeting with nutrients commodities for keeping their health better.

United Airlines parent UAL Corp. mount 61 cents, or 7.2 percent, to $9.14 after saying it tactics to cut as many as 1,100 more jobs, eliminate 70 fuel-hungry aircraft from its fleet and diminish house capability to tidy costs in the face of surging energy costs. The nation’s No. 2 transporter before said it premeditated to cut 500 jobs and that it would mothball some of its smallest amount of fuel-efficient aircraft.

High oil prices effected to Asian regions of the world, such as Pakistan, Bangladesh, China, Indonesia, etc. Meanwhile the people of the Asian countries agitated upon their regimes and said that it is totally unfair with them to face with high oil prices, high commodities prices, poverty and unemployment.

The stock market is under extreme pressure due to continuous fluctuations of oil prices in all over the world. The banks, industries, educational departments, businesses, groceries stores, and companies are being extremely effected due to high oil prices and inflation. This led us towards recession which is being shaped in the scenario of 1930 recession in the United States that impacted upon several other countries of the world in the similar situation.

Last but not the least is the political scenario which is rapidly deviating from its original core and leading us towards the signs of Armageddon. For example, it is being told by several religious scholars these days i.e, Muslims, Hindus, Christians, Catholics, jues, etc that clash of civilization is often looking to us quite prominent due to sudden emergence of inflation, famines, earthquakes, terrorism , bomb blasting, hurricane in all around the world that are being seen by having a bird’s eye view these days.

So, it’s been the declining economies which have become the question of all over the world’s countries. Therefore, it became a serious matter for all of us to think positively about this disastrous situation and try to make out a proper solution for this inflation. For this, regimes services become vital now.

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Global Recession

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Oil prices have been increasing at an alarming way now a days. The prices of petrol have been increased up to $135.09 per barrel. In this regard, the Wall Street has confirmed that the heavy crude oil and gasoline prices have affected the demands and supply of the consumers and investors and they are suffering badly from fulfilling their demands. Therefore, high oil prices have increased the over all prices of all other kinds of consumer commodities such as wheat, rice, oil, vegetables, meat etc.

Meanwhile, the economists are saying that the inclusive demands from states like India and China would exceed supply. In this way, a weak dollar would also enhance the oil prices per barrel more and more.

The high oil prices affected the consumer and investor demands. The consumers have been absolutely worried while purchasing the domestic grocery. On the other hand, investors are also worried while investing their money and enhancing their business and stocks. That is the overall slump in the consumer and investor market.

More and more alarming affect of inflation can be seen as the high energy prices. For example, the high oil prices have pounded the airlines sector. Continental Airlines Inc. has fallen nearly 27 % for the week, while United Airlines parent UAL Corp plunged near 46 %.

Various and different sectors of the economy have been slumped all around the world like commerce and trade, banking, education and industrial sector etc. It is occurring due to high oil prices.

Furthermore, the poverty, unemployment and depression have been prevailing all over the world which has shattered the desires and self esteem of the people. Poverty has increased so much that the people have been agitated to come on the roads and ask for the assistance.

In a nut shell, we can say that the high oil prices have shattered the psychic of the people all around the world and they are very worried to fulfill their demands. Therefore, the economists have said that these high oil prices and inflation would bring a famine in the world and it might be occurred in future such as in the shape of storm, hurricane, earthquakes and some other calamities which would shatter the overall economy of the world.

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High Oil Prices

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It has become one of most concerning issues of world. It is becoming the reason of a high price level in the consumer market. So the demand and supply of the commodities are badly affected.

Impact on consumer demands

The prices of commodities such as wheat, sugar, salt, spices, bread, vegetables, fruits, meat etc increased at such a huge level that has diminished the demands of the consumers. On the other hand it is the compulsion of the people to buy groceries for their survival.

Increasing oil prices cause inflation

The economic analysts are saying regarding the dilemma of inflation that it is occurred due to the increase in oil prices in United States. One barrel of oil is reached up to $126 a few days ago, which has become the major concern of sustaining the US economy. Furthermore both the political parties of democrat and republican have failed to control upon the inflation and most of the people blamed to US regime.

War against Iraq caused inflation

America has wasted billions of dollars during the recent war against Iraq which has affected the demand and supply in the country. The prices of the every day commodities increased so much that the people have come to the road and motto against the government. So we could say that local people are demolishing in the grind of inflation.

Declining stock market

Meanwhile the stock market of world is facing the perils of inflation due to increase in oil prices and sudden disasters. For example the current earthquake in China has affected the stock market of Asian and Western countries.

Astounding boom in stock market

Yester it was the booming trend when the prices of stock market had increased. That is the inflation which shows us the fluctuating trend of the stock markets. Sometimes it seems to be the boom of stock market and often it looks like a recession of stock market.

Transfer of stock in foreign countries

One of the amazing aspects is deposits. Millions of people around the world are not feeling secure about money. For example the majority of the people of Pakistan are transferring their stocks and money to the accounts of foreign nations such as UAE, Unites States, Canada, and United Kingdom etc. it is just because of heavy inflation.

Inflations causes’ famine

Today there are many countries which are facing the alarms of famine due to inflation and poverty. It is estimated that within next five years, most of the Asian regions such as Pakistan, India, Bangladesh, Indonesia, Sri Lanka, and Afghanistan will be demolished due to the sudden disasters such as hurricanes, tsunamis, storms, famine, earthquakes etc. The regimes of these countries are absolutely careless and they are not taking some serious actions to avoid of the famine dangers.

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