5 big risks that the world’s fragile economy doesn’t need right now
According to David Reid of CNBC:
It’s now more than 10 years since the subprime mortgage crisis in the U.S. forced banks around the world to stop lending to each other as fears rose over the unknown quality of balance sheets.
Within months, factory output and trade collapsed, forcing unemployment to rise quickly.
While central banks and lawmakers acted to oil the wheels of finance, the recovery has been fragile and expensive. The prospect of another global recession is real with obvious economic slowing in the U.S. and the largest economies of Europe and Asia.
CNBC looks at some of the situations around the world that could soon create yet more political and financial stress.
A slowdown in the US economy
China’s debt pile blows up
Hong Kong protests
Contagion from Argentina
The fall of Trump’s ‘favorite dictator’