manishsinghon
Par 100 posts (V.I.P)
Hi guys,
If there is a debt crisis in US, it would result in global economic collapse and recession could turn worse. The US economy has been using and borrowing for a long period of time. The rest of the world is dependent upon the US consumers as a source of global demand.US being the world’s largest economy and dollar being the world’s reserve currency has many implications on the global economy.
US debit crisis would result in the loss of the confidence of the investors, which would affect the global financial markets. But there are other major economies as well such as euro. Thus, it would not have an impact on the world market.
Share your views…
If there is a debt crisis in US, it would result in global economic collapse and recession could turn worse. The US economy has been using and borrowing for a long period of time. The rest of the world is dependent upon the US consumers as a source of global demand.US being the world’s largest economy and dollar being the world’s reserve currency has many implications on the global economy.
US debit crisis would result in the loss of the confidence of the investors, which would affect the global financial markets. But there are other major economies as well such as euro. Thus, it would not have an impact on the world market.
Share your views…