A US Default Would Cause Systemic Financial Crisis, Destabilize Global Economy
May 2nd 2023 1:28pm EDT
A US default could destabilize the global economy with a series of domino effects, in particular across financial markets, Sergio Rossi, professor of macroeconomics and monetary economics at the University of Fribourg, Switzerland, told Sputnik, while commenting on Treasury Secretary Janet Yellen’s gloomy economic projection.
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