What is global economic meltdown?


Quick Answer

Global economic meltdown is a state of economic crisis that simultaneously impacts the economies of multiple global powers. As of 2015, a number of commentators are questioning whether the world might be on the brink of global economic meltdown, citing the devaluation of the Russian ruble and the steady decrease of China's growth.

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Full Answer

Deflation of the euro, along with mass unemployment, has also fueled speculation of an imminent global economic meltdown. The uncertainty of the eurozone also threatens the United States as of 2015, where investment in stocks has fallen significantly behind investment in the more stable option of U.S. Treasury bonds.

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