THE ECONOMIST

Risk, Uncertainty and the Spectre of a Recession

The US ended 2007with the spectre of a recession hanging over it while Asia and Europewere riding on a high, expecting 2008 to be another year of growth andprosperity. The financial crisis was working its effects on the marketsand banks continued to face financial losses.

The US ended 2007with the spectre of a recession hanging over it while Asia and Europewere riding on a high, expecting 2008 to be another year of growth andprosperity. The financial crisis was working its effects on the marketsand banks continued to face financial losses.

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