I have a friend that lives in Dubai, I believe it might be his birthday this week but I’ve been reading about the crashing effect of global downturn in business, especially that of the construction capital of the world: Dubai. It seems that many expats are just junking their cars at the airport as they fly back home, unable to pay their loans or find a new job. I know one friend left his job early to return to the states and it’s clues like these people should realize that this economic recession is worldwide.
Indians flee as dreams crash [Mumbai/DUBAI – JAN 14]
Driven down by debt, Dubai expats give new meaning to long-stay car park [The Times Online – February 5, 2009]
Laid-Off Foreigners Flee as Dubai Spirals Down [The NY Times February 11, 2009]