Slower global growth reflects close economic links
Posted by Pushpendra Singh Rajput at 4:28 pm 0 Comment Print
Washington, Jul 22 :
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.
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