Recessssssssion.

Firsly an interesting link about the gaming industry and recession http://news.cnet.com/8301-13772_3-10107412-52.html

As the world suffers economic downfall many different industries are feeling the pinch, even the gaming industry. Many employees are beginning to worry over job losses and companies are being closed or being bought out. At the moment the gaming industry is at a low due to recession.

This causes major challenges. Companies have to battle the lack of money and funds to make games and pay employees. This can cause problems in game development, putting titles back or even dropping games all together. Though it will be less felt within big game companies a few smaller ones will suffer complications.
Eidos Interactive is one of the company’s who have felt the recession. They have recently gone into debt and as of now, Square Enix is planning to buy them.

At the moment, compared to many parts of the world the gaming industry seems quite sound. especially in the major companies which have quite a lot of money. The recession will be felt a lot later along the line, around the time I finish university, meaning it will be hard to find a job but as long as people continue to buy games the gaming industry will keep on going.