"You're Not the Only One: The Global Economic Downturn"

The U.S. isn't the only economy hurting and Tom Petruno highlights the global economic phenomena in an article today in the LA Times. Many global markets peaked in mid-2007 and have lost over 50% of their value since.

Here’s a sampling (not meant to be all-inclusive):

Markets down more than 70%: Vietnam (-70.5%), Peru (-73.2%), Ireland (-73.4%), Russia (-73.9%), Iceland (-88.7%).

Markets down between 60% and 70%: Hong Kong (-60.1%), Poland (-62.6%), China (-69.8%).

Markets down between 50% and 60%: South Korea (-54.5%), Italy (-55.2%), Egypt (-56.9%), Brazil (-57.2%), Japan (-58.1%), Singapore (-58.2%), Turkey (-58.5%), India (-58.3%).

Markets down between 40% and 50%: Great Britain (-42.3%), Australia (-43.3%), U.S.-S&P 500 (-44.0%), Spain (-46.4%), Germany (-47.0%), Mexico (-48.3%).

Petruno also notes that the dollar has regained some strength in recents months, making the burden for those with international investments even more difficult to bear.

See full article at:
http://latimesblogs.latimes.com/money_co/2008/10/heres-a-club-no.html