Stock market decline as a predictor for the recession


An economic disaster is the widespread disruption or collapse of a national or regional economy, possibly causing financial panic, hoarding, famine, hyperinflation, political upheaval or revolution. Some of these occurrences are short-lived, while others last many years. Economic disasters are rarely the product of purely economic forces such as the stock market or monetary policy. Political and natural forces, such as hurricanes or droughts, can also play roles.

The term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value. Until a few decades ago, many financial crises were banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, as well as international phenomena like currency crises and sovereign defaults.
A locality that includes 8 villages.
Placed on the left side of the Danube Valley, near Cosusta with the Danube terraces, at the border with Serbia. The population was in March 2002 of 9,670 habitants.
Neighboring:
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