Page last updated at 23:02 GMT, Friday, 8 August 2008 00:02 UK
The downturn in facts and figures



The panic in world financial markets has led to sharp falls in share prices and led to the contraction of credit markets. BBC News looks at how key indicators around the world have moved as recession fears grow.

FALLING GROWTH FORECASTS
Projections for economic growth have been getting more pessimistic as the true nature of the credit crunch becomes clear. To see IMF projections since 2006 select one of these options.

RISING COMMODITY PRICES

commodities graph

GLOBAL BANK LOSSES
Banks and other financial institutions could lose $1 trillion from the credit crisis as mortgage-backed assets have lost most of their value.

graphs shows bank losses

Banks have already written off nearly $500bn worth of assets but the IMF points out that they have only been able to raise new capital to cover about two-thirds of those losses, so the likelihood is that they will have to restrict their lending further than they already have done in the last year (See Frozen Credit Markets chart below).

FROZEN CREDIT MARKETS

bar chart shows frozen credit markets

COLLAPSING HOUSING MARKETS

Underlying the financial market wobbles is a real decline in US house prices nationwide for the first time since the 1930s.

graphs shows house price trends

JITTERY STOCK MARKETS

Stock markets around the world - from Shanghai to London - have plunged, while in the US the Dow Jones industrial average has made big losses this year.

line graph shows stock market rise and fall




MARKET DATA - 11:36 UK

FTSE 100
5429.64up
23.70 0.44%
Dax
5733.05up
19.54 0.34%
Cac 40
3784.02up
14.48 0.38%
Dow Jones
10403.79up
78.53 0.76%
Nasdaq
2273.57up
35.31 1.58%
BBC Global 30
5707.15up
20.65 0.36%
Data delayed by at least 15 minutes



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