World's economy in 2016...it's getting worse!

Let's look ahead some three years from now, and we'll find out that the sluggish economic situation isn't going to get any better soon... The economic crisis that began in 2007 doesn't show much sign of ending in the upcoming years. The US debt continues to increase massively, reaching almost 20 trillion dollars, and the US credit rating as well has been hit hard and had to be further downgraded by all rating agencies. In a truly unprecedented move, the dollar begins to lose its long-held status as the global reserve currency while a basket of other currencies is in the process of replacing it. America will be increasingly paralyzed by political deadlocks, with an growing polarized and divided society.

The contagion currently affecting much of Europe (originally confined to Greece, Portugal and Spain), has spread to other parts of the European continent, leading to the collapse of banks, large corporations. Bailout after bailout has failed to provide an adequate long term solution. Unemployment rates climb sky-high, while poor consumer spending means governments have no option then to deal with much lower tax revenues. Oil and food prices continue to rise and diamonds as well as gold and, silver and other precious metals have reached unprecedented highs. Meanwhile, China is facing its own problems including the fallout of a massive real estate bubble. There are continued riots and protests throughout the world. The tensions in the Middle-East, South-Western Asia and Africa have worsened and locals power-struggles and war remains the daily news. Volatile market conditions and a number of frightening changes in society at large. Investor confidence is being eroded, with a growing reluctance to take risks. As debts worsen, there is no sign of a light at the end of the tunnel for most of the world. So are there places with positive news? East-Asia and South-East Asia will see a very strong growth. Economically as well as socially. Countries like South-Korea, Japan, Taiwan, Singapore, Malaysia, Thailand, Cambodia and the Philippines will slowly move towards a top-ranking of the world's best performing economies. Latin-America remains a mixed bag, which some countries out-performing both the US and Europe (such as Brazil, Argentina, Venezuela) and others struggling to keep the peace and harmony (Mexico, Colombia, Nicaragua). Three years ahead...whereever you are: good luck!

Filed under: Future world economy forecast - Economic crisis - Asia economy - Europe economic crisis - Future pronóstico economía mundial - crisis económica - la economía de Asia - crisis económica, Europa - 미래의 세계 경제 전망 - 경제 위기 - 아시아 경제 - 유럽 경제 위기 - 未来世界经济的预测 - 经济危机 - 亚洲经济 - 欧洲经济危机 - 未來世界經濟的預測 - 經濟危機 - 亞洲經濟 - 歐洲經濟危機 - Futuro previsão economia mundial - Crise econômica - A economia da Ásia - A crise econômica da Europa - Masa Depan perkiraan ekonomi dunia - Krisis ekonomi - Asia ekonomi - krisis ekonomi Eropa - ទស្សទាយថាសេដ្ឋកិច្ចពិភពលោកនាពេលអនាគត - វិបត្តិសដ្ឋកិច្ច - សេដ្ឋកិច្ចអាស៊ី - អ៊ឺរ៉ុបមានវិបត្តិសដ្ឋកិច្ច - Künftige Weltwirtschaft Prognose - Wirtschaftskrise - Asien Wirtschaft - Europa Wirtschaftskrise - 今後の世界経済の見通し - 経済危機 - アジア経済 - ヨーロッパ経済危機 - Les prévisions de l'économie mondiale - la crise économique - économie d'Asie - la crise économique en Europe - Будущие прогноз мировой экономики - Экономический кризис - экономика Азия - Европа экономического кризиса - Futuro previsioni economia mondiale - Crisi economica - economia Asia - crisi economica l'Europa - Μελλοντικές προβλέψεις παγκόσμια οικονομία - Οικονομική κρίση - Ασία οικονομία - Η Ευρώπη οικονομική κρίση