Bankers warn: New Financial Crisis Will Be Hard

A new financial crisis is shaping up in new economies like China, as warned by a group of influential bankers.
Markets like China show the exact same signs as the US did before the crisis of 2007-2008.
This is underlined by the annual report of the Bank of International Settlements.

The BIS warns that the world economy is under enormous pressure.

According to Claudio Boro, head of the monetairy-economical department of the BIS this crisis will be a severe one. It cannot be denied that the current financial tree is coming down.

In their annual report it's said that Central banks will have option but to increase interest in order to counter inflation and that this will be devastating for the economy.

BIS warns for the increasing debt position of countries like China and the consequences of protectionism under the Trump administration. Source: British City A.M. 

Chinese corporate debts have almost doubled since 2007 and are now at 166% of GDP.
In the past year private debts of households amounted to 44% of GDP.

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