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The Downturn in Facts and Figures PDF Print E-mail
Friday, 08 August 2008

The panic in world financial markets has led to sharp falls in share prices and led to the contraction of credit markets. BBC News looks at how key indicators around the world have moved as recession fears grow.

FALLING GROWTH FORECASTS

Projections for economic growth have been getting more pessimistic as the true nature of the credit crunch becomes clear. The following are IMF growth forecasts since 2006:

World Growth Forecast (IMF)

 

 

OECD Countries Growth Forecast (IMF)
 

 

 

USA Growth Forecast (IMF)

RISING COMMODITY PRICES

Rising Commodity Prices

GLOBAL BANK LOSSES

Banks and other financial institutions could lose $1 trillion from the credit crisis as mortgage-backed assets have lost most of their value.

Global Bank Losses

Banks have already written off nearly $500bn worth of assets but the IMF points out that they have only been able to raise new capital to cover about two-thirds of those losses, so the likelihood is that they will have to restrict their lending further than they already have done in the last year

FROZEN CRIDIT MARKETS

Frozen Credit Markets

COLLAPSING HOUSING MARKETS

Underlying the financial market wobbles is a real decline in US house prices nationwide for the first time since the 1930s.

Collapsing Housing Markets

JITTERY STOCK MARKETS

Stock markets around the world - from Shanghai to London - have plunged, while in the US the Dow Jones industrial average has made big losses this year.

Jittery Stock Markets

Published by the BBC Website, 8th August 2008

 
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