Thursday, September 3, 2009

What's a recession? How will US slowdown hit India

The fear of a recession looms over the United States. And as the cliche goes, whenever the US sneezes, the world catches a cold. This is evident from the way the Indian markets crashed taking a cue from a probable recession in the US and a global economic slowdown.


Weakening of the American economy is bad news, not just for India, but for the rest of the world too.

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