Makings of new global crisis in place
The International Monetary Fund has issued a report which suggests the world is facing the threat of another global financial crisis.
According to the report, global debt from 2017 hit a world record of 184 trillion dollars. That translates into 86,000 dollars per person. Borrowing is led by the United States, China and Japan, the three largest economies of the world.
This is not the first such report on the rising global debt. Taken together, the reports point to the underlying economic contradictions that are fuelling a series of crises.
The crises include slowing world trade and rising protectionist measures by such countries as the US, the rows between the US and the European Union as well as the trade war between the US and China. The bad news comes that some world countries are still reeling from the 2008 global meltdown that was described as the worst economic crisis since World War Two.
Humanitarian crisis: Gaza children starving to death
Hamas: Biden ceasefire optimism ‘premature’
Nowhere to go
VIDEO | Wounded Gazans rushed to hospital following airstrike on Rafah
VIDEO | Pakistan unites in protest against Israeli genocide as university students join in
VIDEO | Gaza carnage unabated
Israel alleges killing ‘Hamas’ naval commander’
AIPAC censures Biden for pausing arms shipment to Israel
Fuel running out at Gaza hospitals amid Israeli assault on Rafah: WHO
Hezbollah says it hit Israeli targets in ‘multipronged attack’
VIDEO | US aircraft carrier returns to Red Sea as Yemen warns Israel over Rafah
This makes it easy to access the Press TV website
