Thursday, 8 October 2015

Recession buzz is heating up on Wall Street

Wall Street is getting increasingly nervous about the prospects for recession, both on a global and domestic level. Slowing global growth has been one of the predominant investing themes in 2015, causing enough turmoil to send both the S&P 500 and the MSCI World Index down about 4 percent. The USD 73.5 trillion global economy is expected to grow 3.1 percent in 2015 and 3.6 percent in 2016, according to the latest International Monetary Fund projections. Those numbers, though, are heading lower and could be revised even more before all is said and done.

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