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Experts predict a new economic crisis in 2020
The International Monetary Fund has warned that in 2020 the world will face another economic upheaval. The upcoming drop in raw materials and energy prices will hit developing countries. For Brazil, India, China and Russia, the crisis will be painful.
The largest investment banks claim that the situation in the stock markets is very similar to 2008. Moreover, global debt broke another record - 188 trillion dollars, which is 230% of the cost of all goods and services on the planet. As reported RIA NewsFund experts warn that record debts could turn into the next most devastating economic crisis in history.
Experts expect markets to crash before the end of next year due to a trade conflict between Washington and Beijing. Another risk factor is the US presidential election.