Global economy was spared a US debt default, but still faces other risks; understandsteemCreated with Sketch.

in global •  2 years ago  (edited)

jason-leung-SAYzxuS1O3M-unsplash.webp
Problems such as high inflation, rising interest rates and sluggish growth were temporarily overshadowed by the possibility of a US default

With the threat of an unprecedented US debt crisis fading, the global economy appears to have avoided a major shock. But there are still many unresolved issues worsening the outlook.

US lawmakers in the House of Representatives passed a bipartisan bill on Wednesday to raise the debt ceiling and allow the government to continue paying its bills. It still requires Senate approval, but the risk of a catastrophic default that could have triggered a global market meltdown has all but disappeared.
.
.
.
>>CLICK THE LINK BELOW!<<
.
.
.
https://oko.sh/Global-economy

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!