Retirement Planning

Short- 5 Reasons to Be Concerned about Global Financial Crisis- What To Do

26 total views
With the most recent financial crisis in our hindsights, many Americans are sighing with relief. We made it through.

And if you’re in your 50’s, maybe you’re thinking:

There won’t be another recession before I retire. I’ll be fine.

Maybe. I don’t mean to ruin your optimistic outlook, but there are some worrying signs that a global recession could happen, and soon.

Sputtering Growth in the US

The last financial crisis has been over for 7 years, yet growth in the US still hasn’t kicked into high gear. In fact, from January-March 2016, America saw an abysmal 0.5 percent annual growth rate. That’s barely a 0.1 percent increase over the last quarter of 2015.

Rather than moving onward and upward from the financial crisis, the numbers suggest US growth is starting to stall. The possibility of slipping back into a recession is a real one, which will have big lasting global impacts.

Europe has long-suffered from their own economic stagnation and Japan is currently in recession. For years the world has seen the US as the only real gem of the global economy. What will happen if America falls in with the rest of the crowd?

China

China’s influence on the global economy has grown considerably in recent years. Today, it’s impact is so big that the International Monetary Fund (IMF) warned that an economic crisis in China could trigger a worldwide recession.

And it should worry you how easily this possibility could become a reality. Turmoil in China at the beginning of 2016 gave global trading the worst start of a year since the last financial crisis. The FTSE 100 index fell 5% the first week of January, losing almost £81 bn of value, all thanks to Beijing.

And the fact that China is not particularly transparent with the rest of the world about their policies and economic strategies means that we know very little of what the repercussions could be.
Read the article here: http://www.myretirementrehab.me/5-reasons-concerned-financial-crisis/

Share this Post

About Us

What started as a mission to share what's happening in the insurance world today has grown into your daily go-to for insurance, financial planning, and retirement planning news.

Logic Bar Text Click Here