The Recession In Numbers

I just thought I should do this considering how terrible 2009 shall be financially.

Jobs: 51 million jobs could be lost this year due to the Global Recession

Financial Growth: The World Economy grew by 0.5% this year, the lowest since the end of World War II

Stimulus: The US Congress has passed a $ 819 billion dollar stimulus package with these key points - Tax cuts: $27bn
Spending: More than $540bn including:
Increased federal funds for Medicaid: $87bn
Moves towards clean, efficient energy: $54bn
Rebuild roads, bridges and buildings: $90bn
Modernise education: $141bn
Help for workers, unemployment benefit and training: $102bn

The Number of Countries Potentially at Risk to Collapse due to the Recession (excluding Iceland): 5

The United Kingdom - Relies heavily on financially sector and possesses 4 billion in debt although the economy is only 2.1 billion.

Latvia - A halt in European investment shall slow down growth in their economy to contract 6.9% this year.

Greece - It's massive debt and lack of control over it's own monetary policy could force Greece to default on its debt or worse... leave the Eurozone.

Ukraine - Steel dominates it's economy and steel is one of the commodities that have been hit hardest during the recession because country wish to buoy their own steel industries. Ukraine was only saved from economic collapse by a 20 billion dollar loan from the IMF. This year, it'll get ugly.

Nicaragua - Heavily dependant on remmittance which has gone down in countries like Mexico and the Philippines already. Also, the price of coffee has gone down.

California's Bankruptcy - A state that has a higher GDP than Canada is bankrupt, 42 billion dollars is it's budget deficit. It has to issue IOU's to taxpayers.

Unemployment - This year, US unemployment rates shall hit 8.9 percent. . 524,ooo jobs were lost this January. Tens of millions of people out of work.

Greed - Wall Street Bankers payed themselves 20 billion dollars in Bonuses even after the original 700 billion dollar payout and the fact that banks like Citigroup and AIG cut thousands of employees.