Tuesday, April 9, 2013

"Caught in the Cold"

1. In this article I have just ready, it talks about how the longer winter is in Germany will be having a negative effect on Germany's economy. The article talks about how construction, agriculture, service and retail are all suffering and will continue to suffer from winter. This will then impact Germany's economic abilities to support others in the Euro zone. Also more people have reported in for sick days than usual; meaning that production is going to have a 5 billion euro loss or 6.5 billion dollars. 

2. This issue can be related to the buyers and sellers activity we had on Monday April 8th. It will drive up the prices of the sellers and makes it so that their products will be more expensive and the equilibrium price will get raised. Making bad news for the economy because there will then be less money circulating from people trying to save up to buy goods they did not have to save for last summer. 

3. Nothing to much really lead to this situation other than Mother Nature deciding winter needed to stay longer. One thing that could have led to this situation was people not taking care of themselves properly. Not wearing the proper winter clothing and taking more health risks than necessary. One thing that could fix this problem is the German government giving more incentive for finding better cures for winter illnesses. It could lead to less sick days and better production. 

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