5 reasons to worry about
the world economy
Group member
Tina
Grace
Winnie
Tiffany
Tuya
Turuu
1. Japan falters
A surprise slowdown in the third quarter
tipped the world's third largest economy into
recession.
2. Eurozone malaise
There's little reason for cheer in Europe. While
Germany narrowly avoided a recession in the
third quarter, the latest number show the $13
trillion eurozone economy is stuck in first gear.
3. Commodity crunch
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Oil price have tumbled 24% this year to
about $75 a barrel as jitters about the brittle
European recovery and geopolitical fears
deter buyers.
Meanwhile prices for iron ore -- a key
ingredient in steel -- have plunged 40% as
China takes its foot off the gas. For years the
economic powerhouse has been slowing and
last month the country reported its worst
quarter of growth in more than five years.
4. Emerging markets
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China's slowdown spells trouble for a
number of commodity-rich emerging markets,
not least Brazil. Growth there has collapsed
and the IMF sees expansion of just 0.3% this
year.
Turkey is another emerging country failing to
fire, as domestic political struggles and war
on its border weigh on confidence.
5.Geopolitical risks
The war in Syria and Iraq is just one of the wild
cards. Amid fresh clashes in Ukraine, tensions
between Russia and the West are rising again.
European officials were meeting Monday to
consider adding more individuals to their list of
sanctions.
Thank you for listening.