According to financial experts and economists, global effects of the debt crisis are likely to excavate if the situation continues. They say the economic recession will be worsening unless the situation is taken serious and measures put in place to avoid this. Although there are many vigilantly optimistic analysts today, there are still fears that global economic might soon collapse.
Today, many countries in the world are faced with the debt crisis that hastened from the credit collapse of 2008.
Despite the fact that the governments did not initiate the global debt crisis, in many countries it has been