04.02.2009 - Global economic crisis has implications for sovereign wealth funds too
From Dnaindia.com: The ongoing global economic crisis is the severest the world has experienced in decades. The IMF expects world growth to stagnate in 2009, while global trade is expected to fall by about 3%. Other indicators of the severity of the crisis: the global stock market capitalisation declined by 41% during 2008, from $55.2 trillion to $32.6 trillion; and the International Labour Organisation has predicted that 50 million jobs may be lost globally during the crisis..... Full Article: Source