Economy: Volatile markets threaten the economies’ need for capital

Clive Horwood, Peter Lee
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While the equity markets fell hard between early July and August, since then they have recovered slightly while remaining highly volatile, regularly rising and falling by between two and four percentage points in a single day. This suggests a profound uncertainty as to whether or not the global economy can avoid the dreaded double dip and over how policymakers, now gathering in Washington for the annual meetings, will act.