Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsGlobal economy in worst shape since 2009
http://hosted.ap.org/dynamic/stories/U/US_GLOBAL_ECONOMY_SLOWDOWN?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-07-22-12-29-31WASHINGTON (AP) -- The global economy is in the worst shape since the dark days of 2009.
Six of the 17 countries that use the euro currency are in recession. The U.S. economy is struggling again. And the economic superstars of the developing world - China, India and Brazil - are in no position to come to the rescue. They're slowing, too.
The lengthening shadow over the world's economy illustrates one of the consequences of globalization: There's nowhere to hide.
Economies around the world have never been so tightly linked - which means that as one region weakens, others do, too. That's why Europe's slowdown is hurting factories in China. And why those Chinese factories are buying less iron ore from Brazil.
As a result of this global economic slowdown, the International Monetary Fund has reduced its forecast for world growth this year to 3.5 percent, the slowest since a 0.6 percent drop in 2009. Some economists predict the global economy will grow a full percentage point less.
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
3 replies, 969 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (8)
ReplyReply to this post
3 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Global economy in worst shape since 2009 (Original Post)
xchrom
Jul 2012
OP
Live and Learn
(12,769 posts)1. They are bankrupting the world.
Where did all the money go? Come on Mittens time to show us those tax returns and bank accounts.
xchrom
(108,903 posts)2. something like 16 trillion is held by the global elite
in those special 'off-shore' accounts.
notice i said global -- because it isn't just the elites in the west who act out -- we just bag on them more.
woo me with science
(32,139 posts)3. DU Rec.
It is a theft, not an unfortunate but accidental economic event.