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Britain and Europe slashed interest rates on Thursday amid recession fears deepened by some of the w
Friday, November 07, 2008 timesofindia.indiatimes.com
(
Foreign Affairs
)
NEW YORK: Britain and Europe slashed interest rates on Thursday amid recession fears deepened by some of the worst US retail sales in decades and
an IMF forecast for an economic contraction not seen since World War II.
The rate cuts failed to halt the slide of global stock markets amid distressing signs including top automaker Toyota halving its profit forecast and expectations the United States
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