Into a slump
It is startling how quickly and savagely the global credit crunch is morphing into a full-blown economic crisis. Stockmarkets in Germany, Britain and France fell by some 10% in early trading on Friday October 24th, in response to an overnight sell-off in Asia and dreadful economic figures from Britain and the euro area. Britain’s economy contracted by 0.5% (an annualised rate of 2%) in the third quarter, according to a preliminary estimate. The drop, far ... Full Story »
Posted by Fabrice Florin
