World stocks down as hopes fade or deal on US budget, Europe in recession

  • by: TOBY STERLING , Associated Press
  • Updated: November 15, 2012 - 5:18 AM

AMSTERDAM - World stocks slid Thursday as the eurozone fell into recession and hopes faded for a quick agreement among U.S. leaders not to hike taxes and cut government spending — a potential double whammy which could derail the world's biggest economy.

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