“Europe’s debt crisis is threatening to push large parts of the world into recession,” read a headline in The Telegraph.
The Greeks, the Italians, the French…the Europeans are seemingly all set to bring the entire world economy down to its knees, as if to prove a point to the Americans that they aren’t the only ones to be controlling the ‘recession’ lever.
Anyways, if the woes in Europe and the US aren’t enough, weakening economic growth and corporate profits in India are also playing spoilsport for the stock markets.
Note: Country names represent their respective stock market indices; Source: Yahoo Finance
One company here is asking the government to bail it out because it can’t pay off its debts that it had taken to fund an aggressive growth in the past.
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