Presentation On Economic Crisis 2008 Presented To: Sir Tisman Pasha Presented By: Muhammad Imran Khan Computer Science Department Bahauddin Zakariya University Multan

What is Economic Crisis? Economic crisis occurs as the result of the heavy cost of war, unemployment and low prices and low levels of trade and investment

Economic crisis 2008 In 2008, a global economic crisis was suggested by several important indicators of economic downturn worldwide. These included high oil prices which led to both high food prices and global inflation. A substantial credit crisis leading to the bankruptcy of large and well established investment banks as well as commercial banks in various nations around the world, increased unemployment.

Global Trends High commodity prices In 2008,the prices of many commodities, notably oil and food, rose so high as to cause genuine economic damage. Trade In mid October 2008 the shipping volume drop by 50% in week which caused problems for exporters. which caused problems for exporters.Unemployment The ILO predicted that atleast 20 million jobs will have been lost by the end of 2009 due to the crisis, bringing world unemployment above 200 million for the first time.

Economic crises in Asia Japan The exports in June declined for the first time in five years falling by 1.7 percent. The decline in exports and increase in imports cut Japan's trade surplus $1.28 billion a decline of 90% from the previous year. Srilanka Sri Lanka too is affected with the global recession as the demand for their major products at a downturn. At the moment tea is very badly affected. Singapore Singapore's economy saw its biggest drop in five years in the second quarter, falling by 6.6 percent.

Crisis in Pakistan In Pakistan the central bank's foreign currency reserves, when counting forward liabilities is said to only amount to as little as $3 billion, sufficient for a single month of imports. In Pakistan the central bank's foreign currency reserves, when counting forward liabilities is said to only amount to as little as $3 billion, sufficient for a single month of imports. Pakistan's rupee has lost more than 21 per cent of its value in 2008 and inflation is at 25 per cent. Pakistan's rupee has lost more than 21 per cent of its value in 2008 and inflation is at 25 per cent. President Asif Ali Zardari claimed Pakistan needed a bailout worth $100 billion President Asif Ali Zardari claimed Pakistan needed a bailout worth $100 billion The new finance advisor led the Pakistani delegation to IMF-World Bank meeting in USA with a hope to obtain a loan from the World Bank which has been stopped now due to reservations from IMF on World Bank for releasing this nature of Loan to any country. The new finance advisor led the Pakistani delegation to IMF-World Bank meeting in USA with a hope to obtain a loan from the World Bank which has been stopped now due to reservations from IMF on World Bank for releasing this nature of Loan to any country.