Global Economy
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| Recession 2011 |
New Delhi: India weathered the 2008 crisis well, but there are fears that this time round the country is not even ready for a crisis of much lesser magnitude, let alone a full-blown debt default in Europe or a possible US
recession. Weak finances, persistently high inflation and policy inertia have considerably weakened the
government's position today
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| Gold Rush |
GOLD RUSH: Thai customers queue to buy gold at a jewellery shop in Bangkok on August 9, 2011. The price of gold struck a record high above 1,700 USD an ounce on August 8 with dealers flocking to the safe haven metal as Asian stocks tumbled.
| Economy – overview |
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| 1980 – 1990 - United States and Japan lead expansion |
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| 1990 – 2000 - United States dominates expansion |
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| 2000 – 2006 – United States still leads, but China is catching up |
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| 2007 – China leads expansion |
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| 2008 – credit crisis begins |
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| 2009 – credit crisis spreads |
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| 2010 – recovery |
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| 2010 – 2016 The BRICs lead economic growth. | | | |
