Irish Crisis Stares At The Auto Recovery
posted on 12 November 2010 | posted in
Business and Finance
While the G20 leaders meet in Seoul, Korea the sudden unveiling of debt crisis in Ireland has taken sheen of the much talked about recovery in the automotive and industrial sector across the globe. While the US Fed is trying to perform the Quantitative Easing - 2 to give a big push to consumer spending in the US, many analysts are of the view that even the Quantitative Easing - 1 was a failure.
In the event you are unable to understand these terms, the crux of this story is that we are still not out of the recessionary pressures on the economy and hence the much talked about automotive recovery seems to be more of a myth than reality.
The recent QE-2 will also have a direct bearing on commodity pricing and will eventually lead to an increase in oil pricing as well. With the UK fuel prices already on the higher side, the moves across the globe will have an impact on the entire Fuel Card and fleet industry.
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