Home / Knowledge / News / Textiles / US unemployment rates scarier than Dubai crisis
US unemployment rates scarier than Dubai crisis
14
Dec '09
The Emirate of Dubai said on November 26 that the state-owned Dubai World Group requested for debt moratorium of US $59 billion for six months after which concerns were raised that this new turmoil could once again lead to a tumble in global stock markets, oil prices and gold prices.

The Dubai crisis has lent a sudden blow to the confidence of a stabilizing and gradual recovery of the world economy and also casts a shadow over the basic judgment of many economists that the most difficult period is over.

Some experts point out that "Dubai crisis" is "a controllable crisis", because, after all, its size is much smaller than the US sub-prime mortgage crisis. In contrast, the US now faces the most serious unemployment rates in decades. So, from now to next year, unemployment rates may be the focus of national concern.

2010 is the year of US mid-term elections and according to experience the rising unemployment growth rates, will lead to rising trade protectionism, which is bound to affect the economic environment of China and other countries.

Many economists analyze that the United States will not abandon the strong position of US dollar in the long run and will hold to two policy objectives; dollar safety and employment safety.

But in the short term, in order to ensure growth and secure employment, the US government would allow the dollar to weaken, which will result in forced revaluation of the Yuan. Some experts also predict that trade conflicts could increase in the near future.

Fibre2fashion News Desk

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Courtesy: NEJ

Apparel/Garments | On 24th Jan 2017

NEJ fully acquires Bills Khakis from Source Capital

Provider of reverse logistic excess inventory solutions for specialty ...

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search