Washington (AFP) – Another bout of unnerving global panic-selling erupted Monday, with some markets recording their largest one-week losses since 2008, raising fresh worries over the strength of the global economy and yet another financial crisis.While analysts said a repeat of the 1997 or 2008 crashes was not in the cards — mainly because of reforms undertaken since — they warned that continued turbulence emanating from China would take a toll on global economic growth, especially in emerging economies.After an 8.5 percent plunge in Shanghai shares Monday, investors dumped stocks across nearly all markets, with the main US and European …read more
Source: Business Insider
