We all knew it was coming. With more than 80% rise in stock price in just 13 months was a strong sign of an unrealistic bubble, which had to eventually burst. So, it was expected.
However, according to economists, we may have to face a double-dip recession, or even a ‘Lost Decade’, which would make the situation scarier. Besides, unstable economic growth in Europe, especially in Spain, Ireland, Portugal, Italy, and Greece is a rising concern. China may face a slowdown in GDP growth and we may see further job cuts in the near future. Continue reading