The outstanding financial obligations of the US federal government exceeded 34 trillion dollars, about 123% of the country’s gross domestic product (GDP), which is a historical record. So, investors around the world are rightly wondering if the scenario is gathering chances for a new financial crisis to break out. In more detail, the federal government’s …
Tag: crisis
The Uncertainty of the Future produced by the Crisis
The effects of the current crisis are manifold, but there are two conditions that limit the problem: energy prices and inflation. The rise in energy prices was directly reflected in the rise in inflation, which in March reached 7.5% in the Eurozone and 8.5% in the United Kingdom and the United States respectively. These countries …