The “Doomsday clock” for global economy strikes one minute to midnight

The Telegraph Reports

When the banking crisis crippled global markets seven years ago, central bankers stepped in as lenders of last resort. Profligate private-sector loans were moved on to the public-sector balance sheet and vast money-printing gave the global economy room to heal.

Time is now rapidly running out. There are signs that things could get a whole lot worse.

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