However, the crisis is far from over. The world is entering recession and there is uncertainty about how worse this all could get. The graph below shows how dramatically stock markets have fallen -and not only in the developed world. The financial crisis has hit hard the stock markets of the emerging economies of Latin America, as well as China and Russia. In the latter, the downward trend has been specially marked: the Russian stock market index, the RTS, has gone down 70% this year (by comparison, the US Dow Jones Industrial Average has lost around 36% of its value, Colombia's IGBC, 41.3%). Of course, such an awful outcome was partly produced by the response of investors to the Russia's war in Georgia, during the summer.
In any case, these are not good times for anyone, so for the near future, you better hold your breath.