The Greek Economic crisis had a direct impact on the recruitment strategies adopted by firms across the industry. During the crisis, many of the big investment banks took a conservative approach to their recruitment, whilst some halted their recruitment altogether.
The Greek Economic crisis had a direct impact on the recruitment strategies adopted by firms across the industry. During the crisis, many of the big investment banks took a conservative approach to their recruitment, whilst some completely halted their recruitment temporarily. Many Industry experts suggested the uncertainty of the Chinese Stock market wouldn’t have a direct financial impact across the globe. However, the slower economic growth is a concern for countries exporting goods to China.
Following three decades of over 10% economic growth, China has set a target of 7% for 2015. However, figures suggest this is indeed much lower than that, the economic slowdown, along with a rise in national debt; this created a debt bubble which eventually burst on the 12th June. As a direct result of the Shanghai Composite losing all its gains made in 2015 with 8.5% decline, markets across the globe felt the impact
As a direct result of the Shanghai Composite losing all its gains made in 2015 with 8.5% decline, markets across the globe felt the impact.Following on, Chinese government took rigorous steps to take control by cutting interest rates – making this the fifth since November 2014.
Impact on the Global Markets:
Main Exporters to China:
China’s imports as a percentage of world total.
In this instance, only 2% of shares on the Chinese Markets are owned by foreign investors, with so little foreign Investment in China it is unlikely to have a major impact on the recruitment strategies in place within the UK.