February 15, 2010
Changing global financial system
World is witnessing a change in global financial system. Finance chiefs are preparing for the meet of world leaders in G20 summit, who are fighting against world’s worst financial crisis in last 80 years. In last few months, there has been unstoppable selling of stocks in various share markets. Central banks have launched a range of initiatives to hold the fall in markets which has resulted in recession in various economies across the globe. It has really shattered the confidence of investors. People have lost big portion of their hard earned money. People are losing their jobs, delayed hiring, projects getting postponed & many more things are happening which are against economical growth. It’s been a series of months of downfall. Shares of Indian firms listed in united states have lost more than 3 billions. Everyone is desperate to know the bottom, central banks heads & policy makers have been scratching their head to have some clue about “how to recover from here?”