LONDON: The global equities sell-off in the last four weeks reflects a sharp rise in risk aversion. Higher risk aversion has come on the back of the disarray in the credit markets and the growing concern that an emerging global "credit crunch" as well as the continuing US housing slump, will force the US economy into recession over the next 12 months.
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Thursday, August 23, 2007
Subprime crisis: What are the implications for India?
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