The Madeleine Brand Show for April 16, 2012

Economic slowdown felt in US, Europe and China

Dow Drops Sharply On Job Creation Report

Spencer Platt/Getty Images

NEW YORK, NY - APRIL 09: Traders work on the floor of the New York Stock Exchange on April 9, 2012 in New York City. Following a poorer than expected jobs report last Friday, stocks fell with The Dow Jones industrial average down 147 points, or 1.2%, in midday trading.

After rallying for months, global stock markets turned downward last week. In the U.S., a slowdown in the jobs market prompted stocks to fall. In Europe - Spain, France, Italy and Britain all showed flat or negative economic growth. And all is not well in China, either.

The U.S. economy seems to have stalled once again, despite encouraging signs earlier this year - consumer spending picked up and positive jobs reports seemed to signal a return to growth.

The situation has worsened in Europe. Many are now advancing the view that government austerity programs are only making things worse.

Finally, reports have recently emerged showing a slowdown in China's economic growth. Roben Farzad of Bloomberg Businessweek joins the show to parse the economic data from around the globe.

Guest:

Roben Farzad is a senior writer for Bloomberg Businessweek.


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