Rising Risk of Global Economic Crisis as Growth Slows, Debts Mount, and Key Regions Face Tipping Points
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Global economic growth is slowing, debt levels are high, and central banks have sharply raised interest rates to fight inflation. This risks a "tipping point" of fiscal crisis.
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The US and China have challenges but look resilient - their economies are still expanding and have room to maneuver.
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The eurozone faces low growth, high debts, and political tensions, especially around Italy. This makes it prone to crisis that could spread globally.
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The UK has staggering debt costs amid economic contraction and inflation risks. It is exposed to any energy price spikes.
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Europe, including the UK, is more likely than the US or China to be the "tipping point" for a wider "global reckoning."