"Global activity has weakened and become more uneven, confidence has fallen sharply recently, and downside risks are growing." the IMF said as it cut its global growth forecast for both 2011 and 2012. Europe is wrestling with a debt crisis. Economic growth in powerhouse China appears to be slowing. And in the United States, political paralysis has left policymakers with few tools to fight a slowdown. Financial markets fear the worst. Pick a spot on the globe and you'll find economic trouble. It is therefore imperative to reflect on the underlying conditions and the causes and the impact of the changes in the global financial arena.
Last Date for entries: 20th October
Word Limit: 500 words
