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Updated 08:00 19/01/20

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10 reasons why the world economy is struggling

Duncan Richardson, News Editor
2 Jul 2014, 10:43 a.m.

The Bank of international settlements has warned dangerous asset bubbles are forming.

Argentina failed to make a $539 million debt repayment.

Italy’s economy shrank by 0.1% in the first quarter of 2014.

Bulgaria is trying to calm down a number of bank runs which is threatening to spiral out of control.

Last month mortgages approvals in the Eurozone declined at its fastest ever rate.

Unemployment in France has reached an all-time high.

Inflation in Japan is increasing at its fastest rate for 32 years.

The unemployment rate in Greece is running at 26.7%.

The European Central Bank introduced negative interest rates.

The U.S. economy contracted by 2.9% in the first quarter of 2014.

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