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World Economy Ends Year In Fragile State

epSos .de
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Despite record-setting job creation, and the U.S. stock market's value tripling since 2009, the global economy ends the year on a sour note due to the currency crisis in Russia and plateauing growth in China.

"Europe has languished, and Japan has really swooned. Inflation fell everywhere thanks to oil prices going down," says KGOU's World Views contributor Joshua Landis.

Landis says there are dark clouds on the horizon, especially in East Asia and Europe.

"The housing market crisis [in China], it's still growing at 7 percent, though. It's pulling the world behind it," Landis says. "But Europe looks like it could go into a recession. And Japan is."

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KGOU and World Views rely on voluntary contributions from readers and listeners to further its mission of public service with internationally focused reporting for Oklahoma and beyond. To contribute to our efforts, make your donation online, or contact our Membership department.

Brian Hardzinski is from Flower Mound, Texas and a graduate of the University of Oklahoma. He began his career at KGOU as a student intern, joining KGOU full time in 2009 as Operations and Public Service Announcement Director. He began regularly hosting Morning Edition in 2014, and became the station's first Digital News Editor in 2015-16. Brian’s work at KGOU has been honored by Public Radio News Directors Incorporated (PRNDI), the Oklahoma Association of Broadcasters, the Oklahoma Associated Press Broadcasters, and local and regional chapters of the Society of Professional Journalists. Brian enjoys competing in triathlons, distance running, playing tennis, and entertaining his rambunctious Boston Terrier, Bucky.
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