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Global financial crisis has been affecting millions of people. The causes are very complex and must need attention and time in order to adopt the right solution. There is a global bewilderment at the speed and the severity of the scope of the crisis. The financial market has suffered a great demoralization in our lifetime. US finance has run havoc causing trouble to most financial institution. Credit market has been drained, Realty Company has been closing, and unemployment is increasing as well as lending company is having a hard time. Based on record the company is facing the toughest period with the IMF.
The IMF is predicting that the economy will face its toughest period causing the unemployed to rise by 8 million. Based on study in the developing countries and International Labour Organization the people that will be push into poverty might reach the 100 million mark. The crisis is producing costs and debts for governments that will be felt for decades to come. People are suffering from economic crisis because of the increasing number of unemployment, reduced wages and asset value is collapsing. The situation has worsened last September 2008 wherein banks are closing down due to bankruptcy. Panic resulted in massive withdrawal has created more problem. The US government are taking one step at a time to avoid further harm on the economy. The main concern of the government is to help the banking industry overcome this problem. World market is affected and millions of dollars are needed to help the dying trade market regain its life.