1. BIRD FLU Sam And Jamie

2. What Happened? Started out in South East Asia 2003 Spread to Europe and Africa Millions of birds died or were destroyed Spring 2004 -> 300 th human case was confirmed 200 th death September 2007 Foreign countries offloaded their poultry to UK, making it hard for domestic sellers This reduction in demand resulted in low (if any) profits Supermarkets also noticed a reduction in turnover

3. Impact On Markets Little effect on savings or investment -> its full potential was never realised Loans and credits increased -> in their desperation following a dramatic fall in the price of their live stock, many farmers had to obtain loans to negotiate poor cash flow Insurance – many farmers looked to make claims on their insurance, as movements of their live stock was restricted causing loss of earnings

4. Asian 2001 Recession

5. What Happened? Due to the terrorism in America Asia’s trade fell, as America became worried about trading with them This accounted for a significant proportion of their market Also knock on effect from the downturn in America’s economy

6. Impact On Markets S+I -> little faith in stock market, consumer confidence at a record low, resulting from lack of demand Share prices fell, businesses reported lower expected profits L+C -> high interest rates, which were then lowered, would have prevented people from taking out such items. Although many businesses may have had to in order to survive. This will have increased their expenditure – lowering profit Insurance -> no effect; the impacts were on businesses and their turnovers

7. Parmalat

8. What Happened? Billions of euros went missing from their books Questions first asked in 2003 when they failed to make a bond payment It was fraud!!!

9. Impact On Markets S+I -> loss of confidence in Italian stock markets as consumers became unsure of other bad business practices. UK businesses with Italian investments were effected significantly L+C -> no effect Insurance -> no effect