Weekly Digest: The Spreading Fears of Global Financial Crisis
Summary
- Global markets are anxious about another global recession and major financial disruptions. Those potential dangers have driven investors to hoard dollars.
- Warnings have come from all over the world, from the United States, Eurozone, Britain, and China, to heavily indebted countries in Latin America and Africa – raising questions of when and where the next global financial crisis will begin.
- Indonesia is ready to re-extend its loan restructuring program to support banks and corporates.