If the global economy enters a new economic crisis it may lead to epic debt defaults, according to trade economists at the United Nations.

“As capital begins to flow out, there is now a real danger of entering a third phase of the financial crisis which began in the United States housing market in late 2007 before spreading to the European sovereign bond market,” the annual report of the UN Conference on Trade and Development (UNCTAD).

Following the 2008-2009 crisis, developing countries faced a huge

Source: UN warns next global financial crisis may include huge debt defaults — RT Business



Subscribe To Receive...

Verse of the Day with commentary, Bible Study, Bible Q&A and daily news with Christian notes in your inbox!



Study With Us!

Visit the Bible Study, Video and Bible Question and Answer section of our site.

Leave A Comment

You are invited to participate in our Christian Community by leaving a comment. We would love to read your point of view and inspiring messages. Please read our Community Guidelines before commenting and note all comments are moderated (Ephesians 4:29).