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financial crisis will cost over $ 10 trillion

http://www.n24.de/news/newsitem_5373509.html



world were burned with the Finazkrise over $ 10 trillion - the experts identified the Commerzbank. But the German economy lost $ 237 billion.

The financial crisis will cost the world economy by the end of this year, according to estimates of $ 10 trillion. As the "World" reports, the experts at Commerzbank Research are its calculations on a total of 10.500 billion dollars (7300 billion euros). "We have become accustomed to in the financial crisis while in high amounts, but that amount is just incredible," said Joerg Kraemer, chief economist of the Bank. The inhabitants of the earth so that the costs amounted to just over $ 1,500. More about the


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Around 1600 Billion dollars in losses incurred by banks after write-downs and bankruptcies. The loss of value of residential properties in the United States and Britain, have been particularly hit by the housing crisis, were estimated to total 4.65 trillion. The following from the financial crisis downturn in the global economic cost in the past two years, also around 4200 billion dollars. The economists assumed here that the world economy would have grown without the crisis as much as the average of the previous years.

The German economy were lost, according to calculations by the crisis, 237 billion U.S. dollars: 104 billion amounted to only the depreciation of German Banks. The lower economic growth in 2008 and in 2009, with 133 billion dollars of gross domestic product (GDP 2008: around 3,600 billion dollars) budgeted.
nosedive over?

Although the cost of the financial crisis is likely to rise further, to see the future but not black. For in the meantime the world economy have completed their dive, "said Kramer. House prices in the United States did not fall more and the banks had already taken fresh capital in the amount of 1,300 billion dollars. The crisis was not caused by, but now it were a normal or even decaying pain.

When it comes to the destruction of assets by the financial crisis is the Asian Development Bank (ADB) in an earlier estimate even at the astronomical sum of 50 trillion dollars (39.4 billion euros).

(dpa, N24)

29/08/2009 08:33 clock