The world economy is set to slowdown in 2015 followed with extensive pressure on currency across the globe and to end up with asset bubbles going for blow up.
Japan has declared that its economy is in recession, China is already under slow growth, Europe is struggling with its austerity measures and US is less to be relied on growth.
Among all these low crude prices has killed the remaining part of the world economic growth.
The recent ratings of Russia was very much expected in the lines but we should be expecting some more as major oil producing countries are taking the hit over the low crude prices.
In my previous I depicted that losses of the exporting countries and where countries like India are going to stand when their will be slow down in these exporting countries of India.
Global unemployment is also going to increase and the biggest blow would come to the new comers who will be finding difficulty in getting job as budgets would be reduced by the oil producing countries and exporting the same.
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