There are warnings that a situation even more severe than the 2008 global economic crisis may arise next year. This was reported by Zamin.uz.
The record decline in the number of building permits issued for housing construction in the United States indicates a decrease in economic activity. This situation reflects negative changes in the construction sector and overall economic activity.
Additionally, the sharp increase in interest rates by central banks is reducing the opportunities for business entities to obtain credit. As a result, implementing new projects and expanding production is becoming more difficult.
The trade war between the US and China complicates relations between the two major economies and may have a negative impact on the global economy. One of the most concerning aspects is the decline in economic growth, with the probability of a recession reaching 60-80 percent.
This indicator shows that economic risks are high. This situation resembles the Great Recession of 2008, so it is important to take precautionary measures.
