A sharp slowdown in Asia and stagnation in Europe are putting the global economy at risk of a prolonged slump, economists say, marked in places by sky-high unemployment, sluggish wage growth and some of the worst economic conditions in decades.
On Monday, Japan said it had entered its fourth recession in six years – this one despite aggressive efforts by Prime Minister Shinzo Abe to boost growth. Meanwhile, British Prime Minister David Cameron warned that the world’s economy could be headed toward another disaster.
“Six years on from the financial crash that brought the world to its knees,