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Global Economic Slowdown
bkuba
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0
8-15-2008 4:08 AM
127 views
tags:
economy
,
usa
,
europe
,
recession
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/7dfceb52-ecc9-4948-b468-bd0184c74032/9E8F778C-28AF-48E5-B341-68084EC82B54/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://preview.factiva.com.ezproxy1.lib.ou.edu/archive/default.aspx?an=J000000020080815e48f0003d&hls=&fid=&fn=&md=18&ch=1&hs=1" href="http://preview.factiva.com.ezproxy1.lib.ou.edu/archive/default.aspx?an=J000000020080815e48f0003d&hls=&fid=&fn=&md=18&ch=1&hs=1" style="font-size: 11px;">preview.factiva.com.ezproxy1.lib.ou.edu</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://preview.factiva.com.ezproxy1.lib.ou.edu/archive/default.aspx?an=J000000020080815e48f0003d&hls=&fid=&fn=&md=18&ch=1&hs=1"><H4 class="hd">World Economy Shows New Strain --- European Output Shrinks, U.S. Inflation Jumps; Fresh Worries in Developing Nations</H4></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://preview.factiva.com.ezproxy1.lib.ou.edu/archive/default.aspx?an=J000000020080815e48f0003d&hls=&fid=&fn=&md=18&ch=1&hs=1"><div align="center"><img src="http://content9.clipmarks.com/blog_cache/preview.factiva.com.ezproxy1.lib.ou.edu/img/2101CDE8-6B89-4E29-9B3E-E5AA694AC1EC" alt="The Wall Street Journal" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://preview.factiva.com.ezproxy1.lib.ou.edu/archive/default.aspx?an=J000000020080815e48f0003d&hls=&fid=&fn=&md=18&ch=1&hs=1"><DIV class="artText">The global economy -- which had long remained resilient despite U.S. weakness -- is now slowing significantly, with Europe offering the latest evidence of trouble.</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://preview.factiva.com.ezproxy1.lib.ou.edu/archive/default.aspx?an=J000000020080815e48f0003d&hls=&fid=&fn=&md=18&ch=1&hs=1"><DIV class="artText">On Thursday, the European Union's statistics agency said gross domestic product in the euro zone contracted 0.2% in the second quarter, the equivalent of a 0.8% annual rate of decline. It marked the first time since the early 1990s that GDP has fallen overall in the 15 countries that use the euro.</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://preview.factiva.com.ezproxy1.lib.ou.edu/archive/default.aspx?an=J000000020080815e48f0003d&hls=&fid=&fn=&md=18&ch=1&hs=1"><DIV class="artText">With the European growth report, four of the world's five biggest economies -- the U.S., the euro zone, Japan and the U.K. -- are now flirting with recession.</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://preview.factiva.com.ezproxy1.lib.ou.edu/archive/default.aspx?an=J000000020080815e48f0003d&hls=&fid=&fn=&md=18&ch=1&hs=1">"Every region of the world except the Middle East and North Africa -- a beneficiary of high oil prices -- will experience a slowdown this year," Global Insight, a Massachusetts forecasting firm, said in a recent report.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/9E8F778C-28AF-48E5-B341-68084EC82B54/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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