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The new challenges in the Global Economy

September and October 2008 will be remembered as one of the worst periods in the global economy. Financial and stock markets collapsed under speculators and mass panic.The world is shaken by this storm of incredible and destructive power.

 

So What next?

This is very hard to say.The situation is not settled yet and everyone is waiting for the Dow Jones and other stock markets eventually recovering and rebound strong at some point. However the light at the end of the tunnel is far to be seen.

The recession is global and it will take probably 2-3 years to recover.

This is not the end of the capitalism, on the other side it is a period where investors that hasn't been hit too hard, to invest and regain all the ground lost.At the same time systems of control have to be set in place so that this situation will not happen again and especially families, the texture of our society, are safe from such economical disasters.

 

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Current Global Economy Headlines

GLOBAL MARKETS-U.S. data lifts stocks, hopes of recovery

GLOBAL MARKETS-U.S. data lifts stocks, hopes of recovery

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RPT-GLOBAL MARKETS-Asia stocks hit 4-month high, yen slides

RPT-GLOBAL MARKETS-Asia stocks hit 4-month high, yen slides

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GLOBAL MARKETS-U.S. economic reports lift stocks, euro

GLOBAL MARKETS-U.S. economic reports lift stocks, euro

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Global bankers meet in Basel for reform

( FT ) -- Banking supervisors and central bankers from 27 countries will gather in Basel, Switzerland, this weekend to adopt what is set to be the most important regulatory reform package since the financial crisis, even as German, US and other officials continue to jockey over some provisions.

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Global Fund seeks India's support for health spending

CHENNAI: Michel D. Kazatchkine, executive director of the Global Fund (GF) to Fight AIDS, Tuberculosis and Malaria, arrived in India on Tuesday to get greater Indian support and funding for global health spending ahead of the United Nations Millennium Development Goals (MDG) summit in New York.

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