One of the consequences of globalization: There's nowhere to hide

The Global Economy Is In Its Worst Shape Since 2009

WASHINGTON (AP)

• Six of the 17 countries that use the euro currency are in recession. The U.S. economy is struggling again. And the economic superstars of the developing world — China, India and Brazil — are in no position to come to the rescue. They're slowing, too.
• The lengthening shadow over the world's economy illustrates one of the consequences of globalization: There's nowhere to hide.
• Economies around the world have never been so tightly linked — which means that as one region weakens, others do, too. That's why Europe's slowdown is hurting factories in China. And why those Chinese factories are buying less iron ore from Brazil.
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