WORLD IN FINANCIAL MELTDOWN: Global economy set for recession WORSE than 2008

BRITAIN and the world could be about to enter a recession that will be more brutal than 2008 thanks to China’s slowing economy, experts fear.

China’s has the second largest economy in the world and represents around 12 per cent of global GDP and 18 per cent of global manufacturing exports.

At the same time, it has built up huge levels of debt within its stock market helping to create a huge bubble that now looks set to burst.  Continue reading