in denial mode
The world is in the throes of an economic crisis. Russian President Vladimir Putin has said the current economic crisis is like the perfect storm when the elements gang up for maximum lethal impact.
The International Labour Organisation says that 51 million jobs in the world economy could disappear this year. At the World Economic Forum currently going in Davos, Switzerland, world business leaders are meeting to find a solution to the problem of recession. The theme at the forum is Shaping The Post Crisis World.