Coronavirus May Bring Economic ‘Doomsday Scenario’, Global Economy Could See $2 Trillion Hit
The United Nations warned this week that the COVID-19 outbreak will likely cost the global economy $1 trillion this year, and in a worst-case scenario, the loss could be double that amount. “We envisage a slowdown in the global economy to under 2% for this year, and that will probably cost in the order of $1 trillion, compared with what … Continue reading
Trump’s Trade War Escalation Could Cause Global Recession within Less than a Year
The worsening trade conflict between the world’s two largest economies, the United States and China, could send the global economy into recession within three fiscal quarters, research by investment bank Morgan Stanley has found. “Investors are generally of the view that the trade dispute could drag on for longer, but they appear to be overlooking its potential impact on the … Continue reading
Crash of Stock Market Imminent Warns 5 Highly Respected Financial Experts
If everything is going to be “just fine”, why are so many big names in the financial community warning about an imminent meltdown? I don’t think that I have seen so many simultaneous warnings about a market crash since just before the great financial crisis of 2008. And at this point, you would have to be quite blind not to … Continue reading
World is Barrelling Towards the “Post-Work Economy”; Work is Over, And it’s Not Good News
AS WE start the year full of good intentions to flourish at work, social scientists are warning our careers could be over sooner than we expect. The world is barrelling towards what has been dubbed the “post-work economy”, as technology replaces humans at an unprecedented rate. Driverless cars are set to make millions of truckies and taxi drivers redundant and … Continue reading
