Stocks Slide as EU Enters Another Wave of Economic Downturn

The stocks and shares of most prominent international companies based in EU countries have suffered a s earlier this week. We have seen some companies lose as many as 4.9 per cent in stock value as compared to last week. The most significant slide, however, occurred i the automotive industry where rankings have fallen b 4 per cent on average. The major EU car producer has sustained a slide o 4.1 per cent in sales worldwide. The company fears it will have to start laying off stuff soon. It seems the whole industry is t a slide into what we might call yet another downturn, but let's not rush the bleak predictions for the moment being.