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EFFECTS OF WAR ON ECONOMY:

April 3, 2019 0 COMMENTS

War has never benefited countries in the long run but has turned the lives of people living in countries involved upside down. War of any sort, either it’s a civil war; within the nation or between the nations. Wars can bring disastrous changes of all sort including economic changes as well.

The economy is like the backbone of a country. If it collapses, consequences could be worse.  The major impacts of war on the economy are:

  • In various circumstances, war can raise the inflation rate and eventually it influences people’s savings and the confidence in the financial system gradually declines. This declining situation slowly fails the market.
  • Public sector hits arise during a war. The government borrows a lot than usual to raise the war effort without looking at how the national debt is touching heights.
  • War can provide a temporary boost to domestic demand but the cost of war is crucial. The cost of rebuilding after a war could be huge.
  • In a civil war, countries experience collapsing tourism and foreign investment especially.
  • During a war, thousands of soldiers lose their lives and billions of people lose their loved ones forever which is the greatest cost a country can bear.
ACE

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Latest News & Updates
Standard Chartered: Massive Profit Rise in 3rd Quarter
November 1, 2019
As being the largest and most renowned bank of the United Kingdome, Standard Chartered has attained a higher growth in the 3rd quarter of this year. At the time when there are many shattering events are happening in the united kingdom so the Bank is still working well. It is the time when the Europeans’ largest bank HSBC is facing so many problems and has suffered from an 18% loss with these operational activities. But standard chartered has found a rise of 16% profit in the same era.Looking at all the factors which played a role for the development of the bank we can take into the discussion as follows: in term of the institutional banking, the growth is about 13% which is $1.87 billion almost. Other factors include that the retails banking in which the bank actually achieved a profit of 4%. It is really great progress which made the bank grow well. Unlike HSBC which has a strong influence in Asian countries too, Standard Chartered has made remarkable progress. Therefore, this is really a sparkling event that got the attention of the whole nation that standard chartered is working well and they have made the history changed.

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ACE Money Transfer is a UK based Company and has been operating in the North West of England since 2002. Our head office was the starting point of the UK success story when we commenced business with retail clients and two business associates but after obtaining our Authorized Payment Institution (API) from Financial Services Authority (FSA) our company is now set to become a global name specializing payment services

Over the past 10 years, by keeping in mind basic necessities of people, understanding that they belong to different cultures and respect their values & norms, finally ACE decided to channelize our network into new dimension by giving opportunities to all communities to send their hard earn money back to their home. We have made this possible through our expanded network of agents, correspondents, partner banks, established branches in Europe, and MTOs (Money Transfer Operators) across the UK, Europe, Africa and Asia in more than 70 countries worldwide to entertain our 2 Million Customers around the globe to send & receive their payments through 200,000 locations that help us to build our credibility and retain customers trust on ACE Money Transfer.

The company success stems from the expertise and market knowledge of its senior management and this will ensure that the company is well positioned to make a positive impact to the market and will be able to sets itself apart from other remittance providers.

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