How did the fall in the stock market in USA affected European economy? In simple words
1 answer
The fall in the stock market in the USA negatively affected the European economy. When the stock market drops in the USA, investor confidence tends to decrease globally. This can lead to a decrease in investments and spending in Europe, which can then impact businesses and overall economic growth. Additionally, since many European companies have ties and dependencies on American markets, a decline in the US stock market can have a ripple effect on European companies, leading to potential job losses and economic instability.