RECESSION AND ITS EFFECTS
Because of the recent slowdown all the markets have had a sudden downfall;People are also loosing on jobs and wages;Being in the merchant navy I have observed the sudden rush of people to get an entry and also how people are moving around with letters from ministers to get an entry; Situation has changed from the time when people were being followed by companies offering them good salaries and contract and now the opposite is happening.Hope and pray the situation improves and people get jobs and ship owners get cargo and keep buying new ships..only God knows when thats going to happen