US President elect Mr Barack Obama who won a landslide victory in the recent elections has pledge to work to repair the world economy in the first press conference. Whole world is looking at the new administration in the US with mixed optimism, as people know where they stand in terms of the financial chaos around the world.
Markets still are loosing points and the unemployment rate is climbing by the day, many comapnies are guaging their productions with demand and supply. There has been considerable amount of pressure on economies in the developing world, though there has been no widespread trouble, but markets sentiment is down. The upcoming world summit involving the G-20 in US should be a clear indication to know most of the facts related to the world economy. Whether the world economy needs a new financial system to work with or there are going to be a slew of measures that are going to stem the present debacle are some of the big questions the world leaders are going to answer including President elect Mr Obama of US at the summit.
