1. But for now the really interesting question is whether the collapse in share prices means the start of a global recession. 2. But the global recession was deeper than that. 3. However, the case for a global recession is not clear-cut. 4. Small economies like Kenya might struggle to survive in a global recession. 5. So what price a global recession? 6. The increase in oil prices has prompted warnings of a global recession. 7. Amid fears of global recession, the Federal Reserve aggressively eased credit. 8. As financial turmoil has spilled from one emerging economy to the next, the risk of global recession has markedly increased. 9. As global recession has become a certainty, it is fashionable to compare the United States to Japan. 10. Australia depends on the export of wheat, coal and many other commodities whose prices have also fallen recently because of the threat of a global recession. |