
November 5, 2011 - 16:19 AMT

04:37 GMT
Economists’ apprehensions of the second wave of global recession are growing. The crisis that befell Europe is threatening while no perfect solution is found to overcome it. 2012 promises to be a hard year for the global economy. Italy, Portugal and other European states may have Greece’s fate. Politicians are searching for a way out; developments are unpredictable; markets are too sensitive.