5 years ago
1
Debt-clogged world close to tipping point of recession
The risk of global recession has suddenly jumped several notches, as the accumulated damage from US President Donald Trump's trade wars and worldwide monetary tightening is taking a bigger toll than hoped. A mounting weight of evidence suggests the world is one shock away from a contractionary vortex that would be extremely hard to control.
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Recessions happen cause a small group benefits from them.