December 3, 2022

Market and Financial News

Market and Financial News Aggregator

World Economy Roiled by Simultaneous Shocks Echoing 2007 Anxiety

2 min read

The world economy is showing signs of a rapid downshift as it contends with a series of shocks — some of them self-inflicted by policymakers — increasing the likelihood of another global recession and the danger of major financial disruptions.

Article content

(Bloomberg) — The world economy is showing signs of a rapid downshift as it contends with a series of shocks — some of them self-inflicted by policymakers — increasing the likelihood of another global recession and the danger of major financial disruptions.

Advertisement 2

Article content

“We’re living through a period of elevated risk,” former US Treasury Secretary Lawrence Summers told “Wall Street Week” with David Westin on Bloomberg Television, for whom he is a paid contributor. “In the same way that people became anxious in August of 2007, I think this is a moment when there should be increased anxiety.”

Article content

At the heart of the strain: The fallout from the most aggressive hiking of interest rates since the 1980s. Having failed to foresee…

Bloomberg News

2022-10-01 20:03:00

All news and articles are copyrighted to the respective authors and/or News Broadcasters. VIXC.Com is an independent Online News Aggregator


Read more from original source here…

Leave a Reply

Copyright © All rights reserved. | Newsphere by AF themes.