‘The whole system is grinding to a halt’ — RT

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‘The whole system is grinding to a halt’

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Published: 20 February, 2009, 19:58

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TAGS: Investment, Interview, Crisis Chronicle, Economy, Finance

The single biggest problem the economy is facing right now is a lack of credit and funding.

Businesses that are otherwise perfectly profitable are facing mounting problems because of a lack of access to working capital, and suppliers being unable to give them credits, says Chris Weafer, Chief strategist from UralSib Bank.

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20.02.2009, 19:55

“Living within means"

In the current situation it is difficult to satisfy financial needs of both the financial and non-financial sectors of the economy, so cutting expenses is the only answer to the crisis.

20.02.2009, 22:35

Russian stocks abroad

The calm before the storm – Monday's market holiday in the U.S. and its accompanying low volumes in the rest of the world belied the kind of turbulence later on that hadn't been seen for some weeks.

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