Global economy in worst shape since 2009 - Yahoo! Finance
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.
Investors drove up Spain's borrowing rates
Monday over concern that the government's debts might force it to seek a
bailout. The interest rate on Spain's 10-year bond touched 7.56 percent
— the highest since the euro began in 1999. Stocks around the world
tumbled in response.
Key word: GLOBAL
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