World Markets Slump on Recession Fears
178 views · Published 7 November 2008 · 2:10 · Indexed 20 September 2026
Channel: Voice of America · 2008 · News & Politics
World stock markets slumped Thursday despite interest rate cuts across much of Europe, including a one-and-a-half percent cut by the Bank of England. The rate cuts were intended to bolster stock prices, but mounting fears about the state of the world economy kept many investors on edge.
