They started as impoverished countries, devastatingly punished by the brutal civil war that left thousands of their people dead, wounded and their economy trapped in extreme turmoil. Many have viewed that these nations would not overcome adversity as most of its infrastructures were bombed and completely destroyed, population was deemed illiterate and no sign of…Read more
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The US economy nears the triumph of overcoming a credit glut. With this looming victory for the world’s largest economy, the dollar is poised to gain more strength against a basket of currencies. Meanwhile in Asia, its biggest economic power, China continued to move in a slow pace as it attempts to shift from maximizing…Read more
From being nation known for its gods and mythology, Greece’s reputation has now transformed into a debt-defaulting country. Inflation was out of control and debts were just skyrocketing brought up by a mixed of international financial turmoil and an ineffective monetary management. With its economic conditions getting worse and worse, can Greece ever recover? Getting…Read more
The Russian economy has been struggling for more than two years already. The effect of recession has been absurdly felt as Russians were reportedly swapping cash for washing machines and other electronic devices as the worth of their paper money became has collapsed big time. Aside from its own people, one biggest flop of the…Read more
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