Worst Cities To Start Business In 2012

Worst Cities To Start Business In 2012

By SiliconIndia   |    1 Comments
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Fremont: Even after the official declaration of the end recession in 2010, it is again expected to hit the global economy due to eurozone crisis. There are several places in the world that are still undergoing recession and the existing business are facing hard times. Entrepreneurs are thinking a million times before planning to start a business in these cities. Below mentioned are few such cities that are still hit by recession and one will never think of starting a business in the current economic scenario.

Athens, Greece

worst cities to start business in, Athens, Greece, recessionThe deep economic crisis that has hit Greece entering its fourth year and has had several negative impacts. The crime rate has surged causing people to feel more and more uncertain. Even serious concerns are being raised about the impact of the recession in the country's on the political and economic situation. According to a report by Brookings, the bottom performer among the world’s largest cities is Athens. Even after the international bailout, Greece still remains on the verge of economic collapse.


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Reader's comments(1)
1: I think India be placed No.1 before all these economies that is getting meltdown due to subprime crisis as India lacks any new policy formation.
Posted by:Sudhi - 31 Jan, 2012