Global Economic Crisis Deepens
674 views · Published 18 November 2008 · 2:21 · Indexed 20 September 2026
Channel: Voice of America · 2008 · News & Politics
Two new reports provide more evidence that the global economy has worsened. Citigroup, the fourth-largest U.S. bank, says it is cutting 14 percent of its workforce to deal with the financial crisis. And a new report from Japan shows the world's second-largest economy is shrinking. The bad news comes as world leaders concluded economic discussions in Washington.
