You are here: Wiki » IC » Recession of 2013

Recession of 2013

[ Stories ]

This story's economic event is discussed in Recession hits! <ECONOMIC EVENT>

In 128, the Union's economy dived in to regression after an increase in crime due to the Mandalorian War and a sudden surge in illegal weapons sales. The Union's cabinet at the moment, with chancellor Ardios Eldrilith together with the minister of commerce, Atheos, responded to the recession by issuing a Union-wide stimulus respons of 15000 , with larger economies receiving a larger stimulus subsidy.

The Veolian Commonwealth was the first to recover with a stimulus package being completed in 128 by imperial decree. In 131, most economies were already recovering from the recession through aid by the Union and several short-term loans. The IO Protocol was the last to recover, seeing the recession last until 153.

 
ic/recession_of_2013.txt · Last modified: 2014/05/16 18:05 by Mercury
|
Recent changes RSS feed Powered by PHP Valid XHTML 1.0 Valid CSS Driven by DokuWiki