Eurozone fears spread worldwide

domino-effect

The uncertainty gripping the eurozone economy is affecting countries all around the world.

Bank Indonesia on Thursday cut its benchmark overnight rate by 50 basis points to bring it to a record low of 6%. The surprise decision was intended to "reduce the impact of worsening global economic prospects on the Indonesian economy", said the central bank in a statement. Financial market volatility, slowing production and consumption indicators in developed countries continued to present problems, and

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