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In recent days, the prices of metals as well as oil have been collapsing. To observers, this looks like the first signs of a global recession.
Global markets have been in free fall for several weeks. Prices for barrels of oil and several metals are falling to extremely low levels, raising concerns about growth around the world. The main stock markets recorded declines of between 15 and 22%. “The descent is extremely brutal, it corresponds to 20% in the space of a big week”explains an expert.
All these falls in the markets cause concern about a possible recession. “The scenario of continued very high inflation and economic overactivity relative to capacity is indeed being turned around, and we are instead going to a scenario this time of an economic slowdown”deciphers François ChauletManaging Director of Montsegur France. The euro is also falling to a very low level. Consumption also fell sharply in several key sectors. The United States is trying somehow to reassure the markets.
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