The Dow Jones index fell 678.9 to 8579.2, its biggest percentage drop since Black Monday in October 1987 and its third biggest points decline in history.America’s mortgage crisis has spiraled into “the largest financial shock since the Great Depression” and there is now a one-in-four chance of a full-blown global recession over the next 12 months, the International Monetary Fund warned today.
the extent of the damage to the financial sector, and the rapid fashion in which these events occurred, has many shocked.
ReplyDeleteIt suffers biggest loss in past 20 years
ReplyDeleteAccording to the IMF, the euro zone is expected to decline by more than 3% this year, while the US economy is forecast to shrink by more than 2.5%.
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