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Keep abreast of significant corporate, financial and political developments around the world.
24/03/ · A crisis so severe, the world financial system is affected Following a period of economic boom, a financial bubble—global in Global Financial Crisis now burst. A collapse of the US sub-prime market and the reversal of the housing boom in other industrialized economies have had a ripple effect around the world.
“Risk premiums will increase significantly, the indebted countries will struggle to service their debt, and a significant financial crisis will begin in the global economy Criiss the first quarter.