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Financial markets look back on annus horribilis

The last few months of 2018 saw carnage on financial markets, with falls in asset prices on a level not seen since the global financial crisis.

Photo: Elizabeth Dalziel/AP/POLFOTO

The downward trend in global equity markets over the course of the year that has just ended appears to have surpassed that of the European debt crisis in 2011, and some players will have to look back to 2008 to recall losses of a similar size, business news service Finans reports.

According to Bankinvest, the drop in the global MSCI World stock index was about 10 percent by the closing weeks of 2018 -- slightly more than the loss seen in 2011 and the steepest since 2008.

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