The Economy: Why Are Global Markets Slumping?

This morning the Asian stock markets are reflecting yesterday’s hiccup on Wall Street. Key indexes in Japan, Australia and Hong Kong all slumped this morning, a gloomy market mood that was not helped by discouraging words from the World Bank yesterday, which said the U.S. and European economies would shrink. Should these new numbers make us nervous? Russell Padmore, BBC Business News presenter, joins us with his report.