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Thursday, September 28, 2023

Finance unhappy with fiscal consolidation as new crisis looms

Bloomberg talks about a new “crisis of confidence”, the Economist, about the crisis around the corner – no one can predict how long this corner is. Some economists predict a new crisis in 2020, others are concerned with what the crisis will cause and what signs to be watched. It will hit, sooner or later, by Peter Sovdat in Finance.

Since the last global crisis, ten years have passed. The financial crisis has learned something from the business world – too big a debt is not good. Even at a time when money is cheap, no. That is why the new crisis will not spring up in companies. The new crisis will not hit the banks, this is what the countries have done. The new crisis will hit over too indebted countries.

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