The largest real estate company out of Britain - JCB - announced job cuts at 400 rabmest. The main reason - the compression business in China, Russia and Brazil - based on AMarkets.
These three major emerging economies show danger signals. For example, the first 6 months of 2015 the Russian market volume fell by 70%, Brazil - 36%, Chinese - 47%.
In Europe, too, not everything went smoothly. For example, France has shrunk in economic volumes by 26%.Even such strong markets like Britain and North America, show a significant decline in economic activity, which is gaining momentum throughout the summer months. The business sector is becoming less confident in the future against the backdrop of falling oil prices and other raw materials that harm the commodity-exporting countries. The latter, in turn, gray on making GDP can afford to buy fewer goods from developed countries, making the latter also slowing.
A key indicator of raw Bloomberg Commodities Index fell by almost 26% over the last year.
China is dependent on the construction boom. Now the building has slowed - and slowed GDP growth in China.Russia slipped by falling oil - as it is the main asset in which the country earns on the foreign market. Brazil is also suffering from the falling raw materials, as well as off-scale corruption.