current affairs by Samita Kher

Whenever USA sneezes the world catches cold… US recession history depicts that whether in 1970s or 1980s due to  oil embargo, 1990s due to savings and loan crisis, 2008 Sub-prime crises, the world has experienced its spill over effects. Is it going to sneeze again in the coming years with its external debts increasing? Around 34-35% of its external debt is hold by the foreign countries. Maximum share is of China and Japan rest oil exporting countries Venezuela, Iran, Iraq, Libya etc. It seems USA and World Economies are again walking the path of non-sustainability.”  by Samita Kher

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