The world economy was predicted to have an imminent crisis

By | September 6, 2020
The world economy was predicted to have an imminent crisis

Experts interviewed by Bloomberg predicted new challenges for the global economy before the end of this year.
Thus, the article notes that the world economy’s exit from the depths of the crisis with coronavirus is weakening, thus approaching the uncertain end of 2020.
According to experts, there are now many fears about the further development of the global financial system, one of which is the approaching winter, which may provoke a new wave of coronavirus.
The world economy was predicted to have an imminent crisis
Another problem remains the tense relations between the United States and China. In the run-up to the U.S. elections in November, they can only get worse, which will negatively affect the global economy, analysts believe.

Also, according to experts, the current situation can be a peak, after which there will be a recession again. Unemployment and the labor market are recovering in many countries.
However, it will not be easy to maintain the positive trends, as even though a coronavirus vaccine is in place, it will not be available any time soon on the scale required to strictly control the new type of infection that is necessary for sustainable business.

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