U.N. experts have warned for years that the U,S.
economy is in a death spiral that will ultimately threaten the global order.
And they said the U-S.
is headed for a similar fate as Greece, a country whose economy has been struggling for years with a crippling debt crisis and a chronic public debt that is expected to reach 150% of its gross domestic product in 2025.
The specter of another financial crisis has also plagued the global economy, especially in Asia, the world’s largest economy.
The U.K., the eurozone’s biggest economy, has seen its economy shrink by more than 1.5% this year and unemployment rates jump.
China has been hurt by the economic slowdown and is the biggest victim of global contagion, according to the IMF.
It has also been grappling with its own economic crisis.
The country’s economy shrank 1.7% in the first quarter of this year, and the unemployment rate rose to 8.9% last month, from 7.3% in January, according the central bank.
The Chinese economy shrinks by 7.4% in Q1, and its unemployment rate is 5.3%, according to a report by the World Bank.
Greece’s economy is also in a deep recession.
Unemployment stands at 27.2%, according the latest official data.
China’s economy has grown by 10% in three years, and it’s projected to grow by 13% this quarter, according data from the central banker.
Greece is also experiencing a crisis of its own.
The IMF has warned that a debt-fueled debt crisis in Greece will lead to a similar crisis in the U: Greece is on pace to run out of cash in 2021 and could need more than $1 trillion of IMF loans to stabilize the economy, the group’s senior economist, Nicolas Auerbach, said in a May report.
In Greece, the debt is currently about 30% of gross domestic products, which is the equivalent of $1.2 trillion, Auerberg said.
Greece was already in a crisis a decade ago, when its economy fell off a cliff and defaulted on $1 billion in debt to the International Monetary Fund.
Now, the country is on track to run a budget deficit for the first time in a decade of less than 2% of GDP, according government figures.
The Greek economy is shrinking because of a drop in tourism and the loss of some businesses.
The tourism sector has dropped by half, according a recent survey by Athens Tourism and Cultural Association.
Tourism has dropped from about 20% of the economy in 2000 to 7% today, according TOKYO-based market research firm Euromonitor.
Greek Prime Minister Alexis Tsipras told a meeting of parliament last week that Greece needs more money from international lenders to support its economy.
Tsipros said in March that Greece was running a $2.5 trillion budget deficit, a sum that the IMF estimated at about $3.2 billion.
Tsipsas decision to call a referendum on a new government led to a wave of protests in Athens.
Greece has not been able to secure the IMF loans it needs because of the country’s financial woes, including a lack of tax revenue.
The International Monetary and Development Fund has been pressing Athens to raise the money by raising taxes and cutting spending.
Tsippedis government is struggling to raise revenue, and he has said that Greece will default on some IMF loans if he does not find a way to cut spending and increase tax revenue, according with Reuters.
He said that would cause a massive economic blow.
Greece will have to ask for another $1,400 billion of IMF aid and the IMF has asked Greece to provide a more detailed estimate on the amount of tax and budget cuts needed to get Greece back on track, according of the IMF report.
Tsis government will face elections in 2019 and the next election will be in 2019.
It is unclear what the next stage of the crisis will look like.
Greece and the rest of the euro area are facing a debt crisis that is estimated to be around 40% of their gross domestic output, according IMF data.
Tsiples government has said it will seek to raise taxes to pay down debt and cut spending.
But there are reports that the Greek government has been making concessions to creditors to get the IMF to accept a new bailout.