European Briefings on Globalisation, North-South Relations and International Ecology

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Healthy Correction or Deeper Turmoil?

Article no: EN20070804-Article-4.4-2007

Healthy Correction or Deeper Turmoil?

Stock markets around the world experienced sharp falls since the end of last month. It could be just a short ?correction?, or a new phase of financial volatility. With the second week of wild ride and high volatility, it is best to prepare for more shocks and roller coasters ahead, writes Martin Khor.

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