ForexNewsMarket.com 2/24/2009 News

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2/24/2009

Going Green: The Answer To A Struggling Economy?

Over the past few years, more & more individuals as well as companies throughout the world have made an effort to go green in order to protect the environment and decrease the industrialized world's dependence on oil as an energy source.

While "going green" would surely help achieve these goals, there's another aspect to the green revolution that many are now just beginning to realize, economic repair.

Going green on an international scale involves building new infrastructure, factors, supply chains and energy plants in order to support the widespread production and use of alternative, renewable sources of energy. The resulting jobs will spark many of the world's most desperate economic powers and could bring an end to the international economic crisis.


Forecast Gloomy for German Economy

Germany, which has been consistently struggling over the past few months like most countries in Europe, could be headed from an even more gloomy 2009. Economists predict that the European power's economy could shrink by up to 2% this year, causing further depreciation in the EUR.