There is now general agreement that we are in a global recession. The World Bank's new 'Global Economic Prospects' report forecasts global GDP growth of 2.5% in 2008, and just 0.9% next year. This is well below the 3% level that signals recession...
Filed under: BASF, Economic growth, Oil markets, Currencies, Financial Events, credit crunch, Futures trading, M & A, Leverage, recession, Pension funds, over-capacity