Beginning of the end or the end of the beginning?

Rules igry18-05-2009 Beginning of the end or the end of the beginning? The whole world (with very few exceptions) continues to count the losses from the crisis. Positive tone in the Western media, inspired by last week's upbeat speeches of heads of U.S. Federal Reserve and European Central Bank, was quickly suppressed by disappointing data from around the world. Thus, despite the celebrated investors and analysts to improve the economy, published on Wednesday, U.S. Department of Commerce data showed that consumers are not willing to spend money, retail sales last month fell by 0.4%, adjusted for time of year. While sales of automobiles and parts, household goods, sporting goods and books rose slightly, sales of electronics and appliances fell 2.8%, and gasoline - by 2,3%. For retail stores USA, this means that in order to stay afloat, they have to offer great discounts and to arrange the sale, says New York Times. Another big problem is experiencing southern neighbor the United States - Mexico. As the tenth largest automaker of the world, this country has huge losses because of declining demand for cars, writes news agency Reuters. Automobile production in Mexico fell by 46.6% in April compared with the same month last year due to reduced demand in the U.S..