In addition to tourism, severe effects were also experienced in the Caribbean AGRICULTURE and FINANCIAL/BUSINESS SERVICES sectors. The Canadian MANUFACTURING sector, and in particular the AUTOMOTIVE industry, has suffered the greatest impact following the country's economic downturn. In LATIN AMERICA whilst basic commodity prices have fallen sharply the impact on tourism has been less dramatic.
B2C collection suffered a lot from government endeavors to license the collection industry. In March 2009 an association of Ukrainian collection companies was established, with its first endeavors directed on protecting the collector’s reputation and the development of fair debt collection practice rules. Only 6-8 financially strong collection companies can survive, yet the Ukrainian market is full of dozen’s of small start up collection companies that commenced business in Q1 2009.
The collapse of global economies from around mid 2008, and through into 2009, leading to recessions in many countries, has seen tremendous and hereto unheard of efforts by governments around the world to stimulate consumer and commercial confidence.
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