global slowdown

Poland's governments adopts a development plan worth 91.3 zlotys ($31.4bn; $20.6bn) to kick-start the economy amid the global slowdown.

Japan says its economy contracted in the third quarter, the second consecutive quarter of decline, officially putting the world's number-two economy in a recession.

Figures show Japanese companies sharply cut back on spending amid the global slowdown.

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German luxury carmaker BMW sees quarterly profits fall because of the global slowdown and says it cannot forecast future results.

Benchmark US light, sweet crude oil falls below $60 a barrel in London as worries about the global slowdown hit prices.

Asian shares move ahead as investors take heart from Wall Street gains, but worries about the global slowdown remain.

As purse strings tighten and consumption plummets, the market runs screaming.

Reuters has more…

Oil dropped $6 to below $88 a barrel on Monday on expectations the growing financial crisis will further slow already faltering global fuel demand.

The global slowdown will take its toll on growth in developing countries, the UN agency Unctad says.

The stock decline accelerated Thursday as the Dow fell more than 200 points as sluggish retail sales and some dour readings on the labor market added to worries about a global slowdown.

The global slowdown resulting from the credit crunch has not been as sharp as initially feared, the International Monetary Fund (IMF) says.