The credit crunch is leading to what looks like becoming a deep and widespread recession around the world. The World Today took a look at how five different parts of the world are being affected.
China:
Even the foremost rising industrial power is seeing growth slow.
India:
For the first time in a decade, industrial production has registered negative growth.
Egypt:
The economy is feeling the effects of the downturn, but some see it as an opportunity.
United States:
The financial crisis began here. How bad can things get and can Barack Obama save the day?
Click here for more on the US.
Europe:
How is the continent being affected? Germany and Britain are suffering in different ways.