The entire global economy looking very bearish, the USA claiming that they are on a blink of a recession which could easily last for atleast a year. The recession in the united states could take the entire world with it and decelerate the growth in all world economies.

There are reports doing the rounds that because of this, the UK and other developed countries in Europe could face dramatic slowdown in growth. This mess could take a lot to clean up and is definitely not as easy as cleaning brass would be.

Amongst all the bad news, there are some emerging markets like India which are rising and the prime minister has made statements of good growth propects of upto 9%.

The head of state is also pretty concerned about the inflation and is well aware that the increase in inflation could hurt the lower end of the people.