Economic Report
It has been near 2 years since cracks first began to appear in the global economy, now with the recession in full swing, the world feels its affects. Due to cooperation with other nations, Iberia has managed to create an apparent plateau for its affects on the nation. Experts say that things may only get better from this point onwards. Here is the latest report from various industries and the pricing of goods.
Lumber Industry
Jobs lost: 71,759
Trend: downturn
Stock prices (average % change): -2.21
Average price of wood: 160 Euros per board
Mining industry
Jobs lost: 37,934
Trend: slight growth
Stock prices: 0.27
Average price of minerals reaches highest peak in decades
Metal and Ship building industry
Jobs lost: 55,982
Trend: very small growth
Stock Prices: 0.13
Average price of goods has not changed much from the first downturn
Construction industry
Jobs lost: 113,732
Trend: massive downturn
Stock prices: -3.09
Average salary: 14.5 an hour
Factory or industrial workers
Jobs lost: 672,891
Trend: very slow recovery
Stock prices: 0.09
Average manageability: On Average, 45% of workers are able to manage their lifestyle on their current pay
Small buisness
Jobs lost: 1,390,000
Trend: massive downturn
Stock prices: NA
Small Buisnesses forced to close: 234,000
Based off of data gathered, experts say that Iberia will reach the peak of the recession sometime this year and that the nation should be back in working order by 2099-2100, a much better estimate than the original date of 2103.
Iberian Vessels make way for Oceania
With the global recession reaching its estimated peak, Iberia has begun to open trade once again, to start this trend of proper trading, 3 destroyers of the Armada and one cargo vessel have been selected to make the journey to Hyperterran Oceania in order to perform this deal. The three destroyers serving as a simple escort, this cargo ship is quite well protected. The Caudillo has ordered the these ships fire upon any ships that do not maintain a safe distance and to kill any potential pirates without mercy.
