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18 January, 2010

World Economic Forum Warns of Further Economic Crises Ahead

World Economic Forum warns of further economic crises ahead | Business | guardian.co.uk: "A fully-fledged sovereign debt crisis, an asset price collapse and a slowdown in Chinese economic growth are among some of the biggest threats facing the world this year and beyond, the World Economic Forum (WEF) warned today.

In its annual report on global risks, the WEF cautioned that the financial crisis and the ensuing recession have created a more vulnerable environment.

The report, which will be submitted to the forum's annual meeting in Davos, Switzerland, this month, said: 'Many countries are at risk of overextending unsustainable levels of debt, which in turn will extend strong upwards pressures on real interest rates. In the final instance, unsustainable debt levels could lead to a full-fledged sovereign debt crises.'..."


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