Defaulted in the U.S. can cause paralysis of the g

Defaulted in the U.S. can cause paralysis of the global credit market

2 Answers

US economy is going through a rough phase. The debt ceiling controversy is the recent example. If the US economic situation does not get better in the near future, then it may create a negative impact on the global economy.


Economic crisis in the U.S. may affect the whole world. The recent economic crisis has made it clear to us. So, if the credit situation in U.S. gets affected for some reason, it may affect the global credit market.


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