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Christ Church Cathedral Endowment Trust was created in 2005 to provide for the future of the Cathedral. It accepts gifts of cash, equity and legacies that one day will generate significant income. This money will be used to help pay for the upkeep of the Church, support its organizations and expand its outreach programmes in the Community.|
Donations of any amount are welcome and should be made payable to:
Christ Church Cathedral Endowment Trust
|Information from the Endownment Trust|
|The Global economy is in a deep recession, however, it would appear that the worst of the financial crisis which caused a meltdown in the global financial system is beginning to abate and central banks across the globe are regaining control of there financial systems.|
What will this mean for me? With the global financial crisis behind us you can now look toward a stabilization of the current economic environment. This should result in a slowing in the decline of economic output globally ushering in a degree of stability. Economic stability in the short term over the second half of 2009 will result in higher lows in Gross Domestic Production (GDP) which will eventually lead to positive economic growth during 2010. .
What is next? As the global economy stabilizes businesses will continue to reduce cost and unemployment will rise. The worst of this economic crisis seems to be over and the eye of the storm is now hovering over the global economy. However, there remains reasons for concern as the impact of this crisis will need time for the global economy to work the excess capacity off before returning to growth. .
How long will this recession last? Forecasts suggest that the global economic recovery can begin to show signs of recovery between third - fourth quarters of this year or as late as second quarter 2010. Whatever the scenario it is wildly expected that there probably will not be a surge at the beginning of the recovery but rather a slow and gradual improvement leading to sustained growth during the second half of 2010. .
What Should I be doing?
Remain Cautious; wait for clear signs of Global Economic recovery and improvement in our economy before you change this strategy.
- Continue to remain cautious with spending
- Continue to save
- Continue to reduce credit card debt
- Do not take on any new long or short term debt
- If you are experiencing problems with banking facilities contact your bank to refinance
from Julian Brown