Global equity markets and the Gulf recorded the worst performance in the third quarter

Because of concerns resulting from the classification the U.S. and European debt crisis of Baghdad (Reuters)
A report by economist who specializes the global equity markets and the Gulf recorded the worst performance in the third quarter of 2011 due to concerns arising from the reduced credit rating of the United States and the crisis of sovereign debt in the euro area and its potential impact on the growth of the global economy and declining growth rates in China and India and the weakness of the manufacturing sector in America, Britain and the euro area.

The report said the movement “to correct a strong” I started in the market due to several negative factors, additional affected investor confidence, including the unemployment figures is encouraging in the United States, where the rest of the high at a level of 9.1 percent and slowing growth in the second quarter of this year to 1.3 percent from 1.9 percent in its first quarter.

He explained that the industrial world have been affected significantly as a result of the effects of the earthquake that hit Japan in March (March), the past and fears of inflation in China is the second largest economy in the world, where inflation was 6.2 percent above the (4) percent set by the Central Bank.

He said the GCC stock markets have not been spared the wave of losses of this, but it was lighter with lower market value, fell 5.4 percent to record the Gulf markets combined losses reached to 40.5 billion during the third quarter of this year. and that the largest share of these losses was for the Saudi Stock Exchange, where they lost about $ 25 billion of its market value during the same period, influenced by external factors, as well as investors’ fears of the fluctuation of oil prices which affected significantly the performance of companies in the petrochemical, which is the main driver for the market index.

The UN report that Kuwait came in second place after Saudi Arabia in terms of the size of the losses in market value since the beginning of the year to reach 20.5 billion dollars.

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