Chinese markets open Wednesday on the slide; Canada enters recession

Wednesday, September 2nd 2015 - 06:01 UTC

Full article 4 comments

Asian markets continued to fall on Wednesday, with Shanghai opening down more than 4% amid continuing worries about China's growth. On Tuesday, data suggesting China's manufacturing sector was shrinking at its fastest pace in three years ignited a global market sell-off, resulting in US stocks closing down nearly 3%. Read full article

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Briton
And yet interestingly the UK is slowly growing,
Sep 02nd, 2015 - 06:49 pm - Link - Report abuse 0
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Skip
So is Australia. Though I have to say that we are growing EXTREMELY slowly at the moment with 2% annualised.

The UK isn't a commodities exporter so it will be hit but not as hard as places like Brazil, Canada and Australia.

However having said all that, our dollar is dipping lower. From a high of A$1.10 to the US dollar, it is now flirting with A$0.69 and may go as low as the 50s. For some this would be considered a national disaster but as in the GFC and Asia Financial Crisis, it may help avert a recession as our economy rebalances.

Though after 25 years of growth, our luck may have run out....... but I don't think so.
Sep 02nd, 2015 - 09:14 pm - Link - Report abuse 0
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Briton
They say, that if one is prepared or at least puts into place contingency plans,

it may not hit as hard, but yet may prove fruitful,
so they say.
Sep 02nd, 2015 - 09:56 pm - Link - Report abuse 0
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ilsen
Australia has some pretty firm principles in place and can withstand the global trade winds.
Sep 02nd, 2015 - 10:41 pm - Link - Report abuse 0
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