with the debt crisis in Europe, debt issues in the US, end of QE2 and US economic recovery losing momentum as well as fear of China’s hard landing, markets were downdraft with fear and hence,
While the global economy had hit a soft patch, more forwardlooking evidence points to a rebound. In his view, the global economic recovery was more sustainable than feared.
Among the risks that were brought into consideration were the unresolved euro-debt crisis, the US falling into a ‘double-dip’ recession, China’s economy decelerating rapidly, escalation of political tension in the Middle East and North Africa region, pushing up oil prices sharply and more substantial reversal of short-term capital as US dollar strengthens For the latest updates PRESS CTR + D or visit Stock Market news Today
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