Monday, March 9, 2009

The financial tab so far: $50 trillion

Falls in the value of financial assets worldwide might have reached more than $50,000bn, equivalent to a year’s global economic output, the Asian Development Bank will warn on Monday.

Asia has been hit disproportionately hard, the bank will say, in a report that warns of many Asian stimulus plans lagging behind those of the leading global economies.
http://www.ft.com/cms/s/0/3f9a2bd8-0c0e-11de-b87d-0000779fd2ac.html

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