NEW DELHI: Finance Minister Pranab Mukherjee on Friday said another global slowdown was now a possibility as international economies suffer from rising inflation and fuel cost.
"Another global slowdown appears to be a possibility. Civil strife in the Middle Eastern countries have also contributed to uncertainty and specifically sticking of oil prices," Mukherjee told reporters here on the sidelines of the third-India-Africa hydrocarbon conference being held here.
According to Mukherjee, recent events like downgrading of US credit ratings by Standard and Poor's and sovereign debt crises in Europe has been adding to the global economic uncertainty.
