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Recession stays at least until 2010
 December 22, 2008, 8:56 am (2 years ago)According to Business Wire, the esteemed Fitch Ratings agency in the United States has forecasted that the gambling business might be facing a harsh financial situation to 2010.
Fitch estimates that the existing economic slump has caused the sheer GDP decline in the main advanced economies since World War II. The monetary outline of the U.S. consumer is anticipated to stay under pressure in 2009, as low employment tendencies together with slumped real estate and equity prices keep on weakening consumer confidence.
With net worth and individual earnings beleaguered, and sustained tense household credit situations, Fitch sees that U.S. consumer spending is going to drop by 1.6 % in 2009 and stay low into 2010.
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