The cut back from consumer spending is having repercussions on commercial real estate, and experts say there is no reason to believe stores will stop closing.
Inflation at the wholesale level soared in March at nearly triple the rate that had been expected as the costs of energy and food both climbed rapidly.
Months after claiming 33% chance of recession, and just days after claiming 50% chance, former Fed chief Alan Greenspan admitted that a recession has begun, says Wealth Daily editor Ian Cooper.
Zimbabwe's gold industry is headed for yet another difficult year after output fell to almost a fifth of capacity in 2007, and 2008 could be lower yet.
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