20 Nov, 2011
U.S. Companies Impacted by European Crisis
(PRWEB) November 20, 2011 – Manufacturers of drugs, clothes, solar panels, computer equipment, and cars in the United States have reported effects of the ongoing financial turmoil and upheaval in Europe. Though the consequences have been limited as of now, companies, investors, and consumers seem to be rattled by the sudden developments in the Euro Zone, according to the Forex trading experts at the online Forex ECN company InvestTechFX. The United States and Europe are interlinked and any slowdown across the Atlantic affects both the nations.
The shopping season is round the corner and the economy of the US is at its most vulnerable due to a wide trade deficit, weak hiring, high energy costs stagnant pay, and potentially steep government spending cuts. There are fears that consumers could rein in spending due to stock-market gyrations, which might further affect the profits companies in the US that have already been impacted by Europe’s sputtering growth. Smaller businesses and wine exports are also being affected due to poor European consumer sentiment and a weak Euro that is making wine in the US costlier by comparison. The EU is the United State’s number one trading partner and US companies with big European operations are suffering from lower prices, profits, and sales.
Fx Trading experts at InvestTechFX explain that the Euro Zone is expected to grow only 0.5% in 2012 that is far below the 1.8% growth predicted in the spring and the region might slip into a prolonged and seep recession in 2012.
The online Forex online company InvestTechFX is a proven leader in the industry of artificial intelligence software. They are renowned for their top notch trading technology systems in the computerized trading industry whose experts develop advanced, customizable, intuitive, efficient, and sophisticated Forex trading tools that help people understand Forex currency exchanges related trends and developments. Apart from offering new, exciting, and innovative solutions, they are well known for their detailed and comprehensive learning center.
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