It’s amazing how it takes difficult times like these to appreciate the inter-connectedness of our economy. A fall in demand and energy prices affects not only the large energy companies but a whole host of smaller companies and entrepreneurs who provide services to these companies.
The energy sector also accounts for an important part of construction and thus the downturn in the sector exerts a downward pull on construction activity. The manufacturing sector is being affected by a fall in demand from regional markets and the slowdown in tourism and construction.