Gloomy times ahead for world economy

GLOBAL TRENDS BY MARTIN KHOR

In recent weeks inflation has worsened, complicating the already difficult problems caused by financial turmoil, the onset of recession and the decline in stock markets. The world economy and developing countries are in f...

THOSE who had harboured some hope that the global financial crisis is over and that the world economy would suffer a mere hiccup saw these hopes dashed last week.
The news is bad. The financial problems besetting banks and investment institutions are still expressing themselves with no end in sight.

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