This is an old revision of this page, as edited by Rmky87 (talk | contribs) at 17:10, 13 February 2007 (rm redundant tag). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.
Revision as of 17:10, 13 February 2007 by Rmky87 (talk | contribs) (rm redundant tag)(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff) | This article does not cite any sources. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "Credit crunch" – news · newspapers · books · scholar · JSTOR (February 2007) (Learn how and when to remove this message) |
 | Template:Wikify is deprecated. Please use a more specific cleanup template as listed in the documentation. |
 | The topic of this article may not meet Misplaced Pages's general notability guideline. Please help to demonstrate the notability of the topic by citing reliable secondary sources that are independent of the topic and provide significant coverage of it beyond a mere trivial mention. If notability cannot be shown, the article is likely to be merged, redirected, or deleted. Find sources: "Credit crunch" – news · newspapers · books · scholar · JSTOR (February 2007) (Learn how and when to remove this message) |
The term credit crunch has been appearing more and more often in the financial press over the past year. Put simply, it is the tightening of available credit.
Globally at the moment there is a trend in interest rate rises around the world, people may think twice about spending any available debt. Banks may become twitchy about lending to consumers if the risks of defaults increases.
Possible Implications
The credit crunch will feed through all parts of an economy, once people can no longer borrow money to spend on clothes, food, nights out. Whole industries will suffer putting many people out of work.
Categories: