05/30/2023
Impending US Debt Default Looms, Threatening Global Economy and Financial Stability
As the United States edges closer to a potential debt default, fears are mounting over the catastrophic impact it could have on the global economy. The repercussions of such an event would extend far beyond American borders, affecting economies and markets worldwide. With the possibility of losing approximately 1.5 million jobs even in the case of a brief default, the implications of a more prolonged crisis are even more dire.
Economy Impending US Debt Default Looms, Threatening Global Economy and Financial Stability by Sarah Travers May 22, 2023 1 min read As the United States edges closer to a potential debt default, fears are mounting over the catastrophic impact it could have on the global economy. The repercussions o...