How global business fared in 2009

Clouds of economic recession and a stormy labour market had cast a dark shadow at the dawn of 2009.

From thousands of job losses to historic bankruptcies to Dubai debt crisis, the year had more than its share of shocks.

Still, hopes were spurred by co-ordinated global efforts to tackle the crisis and slowly stabilising employment scene.

As another new year beckons, a glimpse at some of the main economic and business developments globally of 2009.

Also see: Is Dubai's gilded era of high-stakes gambles over?

Text: PTI

Image courtesy: Getty / AFP