Posted Date: 09/01/2019
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British media warning 2020 must be prepared for the global recession.

British media warning: 2020 must be prepared for the global recession

Original title: British media warning: 2020 is a global recession , must be prepared...

January 9th that the British "Guardian" website published on January 6th titled "Peace is predicting the global recession in 2020, this article takes you to understand why" article said that higher loan costs and lower The level of consumer spending will mean more companies going bankrupt. Authoritative analysis has begun to worry that there may be a global recession in 2020. The reference message network now compiles the full text as follows:

The International Monetary Fund (IMF) has led a group of pessimistic forecasters who are concerned about the stability of the global economy as current debt levels rise and GDP growth slows. They asked, how long will the economic expansion since the last crisis last? When will the next recession come? If too much money borrowed from the financial system is pushing the world further into a recessionary future, will the next recession quickly evolve into a recession that is similar to the 2008 financial crisis and even larger?

Some analysts believe that this pessimistic warning ignores the precedent that has been seen in recent years, that is, major economies tend to grow slowly at the beginning of the year and then will be on the right track. This was especially the case in 2016, when most developed countries saw only a small increase in GDP in the first quarter, and then growth began to take off.

However, in the three years after 2014, the main feature was the drop in the prices of petroleum and agricultural products. This momentum has effectively tempered inflation and brought much-needed impetus to the global economy, even at the expense of the interests of oil and agricultural products exporting countries and the environment.

But this driving force has faded in 2017 and has led to a particularly unobtrusive year in 2018 – except in the United States. Trump's tax cuts have created a remedy for weak global trade and promoted consumption booms.

With the beginning of 2019, the situation seems to be very different. Consumer debt in many countries has rebounded to pre-crisis levels. Corporate lending has soared. Although the government has reduced its annual deficit, it still holds huge debts, far exceeding the level of borrowing before the crisis. 

British media warning 2020 is a global recession must be prepared...


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