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World economy is sleepwalking into a new financial crisis, warns Mervyn King

<b>World economy is sleepwalking into a new financial crisis, warns Mervyn King</b>Past crashes spawned new thinking and reform but nothing has changed since 2008 banking meltdown, says former Bank of England boss
The world is sleepwalking towards a fresh economic and financial crisis that will have devastating consequences for the democratic market system, according to the former Bank of England governor Mervyn King.


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Cathy Vikulchik 2019-10-20 at 20:20

The end of this week will showcase two important events for global economic governance. First, central bankers, leading academics and representatives of international organizations from around the world will meet in Jackson Hole, Wyoming starting Thursday. Then, over the weekend, leaders from the Group of Seven (G7) will gather in Biarritz, France.

Why a global recession isn't inevitable 

The warning signs are flashing over a new global downturn - and our power to respond is still weakened from the 2008 crash. But with a globally coordinated effort, it should be possible to steer the world's economy through these treacherous waters
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