US/INTERNATIONAL: Credit crisis may persist until 2010 - Oxford Analytica

Report title: US/INTERNATIONAL: Credit crisis may persist until 2010

from Oxford Analytica
1265 word report published Aug 06, 2008

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Abstract:

As the first anniversary of the global credit crisis approaches on August 9 (when the US credit contagion spread abroad) there are few signs that the situation is improving. Global growth will face severe headwinds as long as this phenomenon persists, particularly in the context of the US housing market correction and historically high energy prices.

Brief Excerpt:

US/INTERNATIONAL: Credit crisis duration?US/INTERNATIONAL: Credit crisis may persist until #### The Federal Reserve yesterday left its Fed Funds target rate unchanged at #.#%, citing the likely downward pressure on growth created...

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Oxford Analytica

Country / Region:

NA, United States, EU

Topic:

economy, banking, debt, derivatives, finance, growth, prices, property, regulation, government

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GEOGRAPHIC REGIONS : NA, United States, EU

TOPICS : economy, banking, debt, derivatives, finance, growth, prices, property, regulation, government

SIGNIFICANCE : As the first anniversary of the global credit crisis approaches on August 9 (when the US credit contagion spread abroad) there are few signs that the situation is improving. Global growth will face severe headwinds as long as this phenomenon persists, particularly in the context of the US housing market correction and historically high energy price

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