Global stock-markets have sold off sharply, and bond portfolios have lost an astonishing 21% this year. The world’s financial markets are going through their most painful adjustment since the global financial crisis. In Europe Britain has poured the fuel of reckless fiscal policy on the fire, causing it to lose the confidence of investors. And as bond yields surge, the euro zone’s indebted economies are looking their most fragile since the sovereign-debt crisis a decade ago.Do you think that world is going to recession very soon ?

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