BBCNEWS Asia Business Report June 4, 2024 01:34:00
Consequences would be dire. if the government is no longer able to pay its debt then, in a worst case situation, we would see that there is significant job losses in the us, household consumption falls back, investment as well, financial markets would plummet, and this would impact asia as well, which has very close trade ties, financial market league —— linkages with us as well. there would be contagion over to the asia—pacific region. katrina ell is there from moodys analytics speaking t...
United States Job Losses Household Consumption Financial Market League Financial Markets Impact Asia
Source: archive.org