The collapse in consumer confidence can lead to a new recession

The threat of another recession in western economies increased “dramatically”, and world economic growth is expected to remain sluggish until the middle of the decade.

The experts of one of the leading London-baesd economic and business research center, the Centre for Economics and Business Research (CEBR) in their updated global forecast stated, that this year only a 3.0 percent global economic growth is expected, almost one-third slower than last year's 4.2 percent – reports MTI.