The economy works like a simple machine. But many people don’t understand it— or they don’t agree on how it works — and this has led to a lot of needless economic suffering.
We hosted another #citytalk last week, this time looking at the impact of the global economic downturn on cities and their citizens. In response to eight questions over the course of an hour, here our highlights from your tweets across the globe:
Our cities and towns are the engines driving economic growth and they account for almost 80 percent of the world’s GDP. But if cities are engines of growth, then they are also significantly affected by a recession. Join our next #CityTalk when we will be discussing Recession cities.
Cape Town’s Central City continues to kick the recession blues In the height of pre World Cup fever, Hotel Missoni was one