Global melt down is targeting various sectors and industries and hitting the targets in right time. Some of the major sectors such as IT and IT enables services have joined the completed target list of global melt down. These affected sectors are in turn hitting the various segments across the globe. Manufacturing is one such major segment, which is severely hit by IT or ITES slow down. The decreased demand for various manufacturing products has almost reduced the segment’s operation by 30 percent. The IT or ITES slow down has also affected the financial services sector as IT or IT enables services are well known for turning upside down of the any industry. This in turn is causing great affects on all the related sectors including, financing, housing, food and agricultural markets.
Major affectants of the IT or ITES slow down also include aviation and automobile sectors, which are highly dependant on the active movements of IT and IT enabled service players. This in turn has created a panic in most of the other industries such as entertainment and media, construction, and other consumer durable or utility segments. The complete global market scenario is dynamically getting influenced with the rapid movements of IT or IT enables service industries. This has been proved from various examples that have taken place in past one year time period. However, the optimists in all the segments believe that this will be settled down with in next few months but the analysts thinking in safer terms are expecting the down time to come to an end in early 2010.
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