Next Big Futures article The global economy is at risk of another recession, according to a new report from Goldman Sachs and Deutsche Bank.
The global financial crisis, which began in 2007 and lasted until mid-2013, is expected to drag on for decades.
It is not clear how much the global economy will recover, but the authors of the report said it would be in the hundreds of trillions of dollars.
The researchers say that the global financial system has a high degree of resilience and has already taken the necessary steps to mitigate the effects of the crisis.
But, they said, there are a number of “significant challenges” that could hamper recovery, including: a lack of financial and regulatory certainty about the timing of major global crises; high volatility in global asset prices; and a lack or unwillingness of financial institutions to participate in the capital markets.
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