there were both domestic and global drivers of the market downturn. The U.S. economic recovery, which power saw GDP growing at a reasonable position of 4% a year ago, slowed to 1% by the midsection of this year. China, which continues to see strong harvest-feast, nevertheless caused concern in human markets (most visibly in commodities markets), as investors feared that the global slowdown and inherent monetary insurance tightening might lead to a decline in that countrys rate of growth. Finally, the European sovereign debt crisis continued to worsen, driving down stocks in the financial sector and elsewhere.
U.S. Downturn
During the third quarter, the already anemic U.S. recovery near halted alto renther. Job growth slowed from a rate of 166,000 per month in the first quarter to 96,000 per month in the third quarter.
former(a) in September, stocks fell sharply when August job growth was initially reported as 0 (later revised up to 57,000).
The ISM manufacturing index fell from the low 60s in the archean months of this year to only slightly above the value of 50 that indicates expansion in each month of the third quarter. trapping remained very weak, with homebuilding down month over month in both July and August.
China Slowing
goodness markets declined sharply in September, partially due to concern about future Chinese pack. Commodity prices have come to rely on growing demand from China, and the markets are concerned about Chinese monetary policy tightening, weaker global demand for Chinese goods, and risks from a possible...If you want to get a full essay, order it on our website: Ordercustompaper.com
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