The economic slowdown is creating impact everywhere around the globe.The crisis in many European countries and in america has changed and affected the economy all around the world. It has mainly affected the developing nations like India which has caused rise in food ,clothing ,various electronics gadgets ,etc. The cost of dollar is rising which is affecting oil prices and also various imported goods. Also various European countries Re cutting down out sourcing and also affecting the IT and services industry.This is the serious issue which should be solved and economic stability be brought around the globe.