Global financial crisis threatens to drag the world back to the 1930s
January 12 — Claims 'chronic' state of government finances is partly to blame .Warns failure to tackle youth unemployment and ageing population will make world 'a place where life is full of hardship
The financial crisis threatens to drag the world back to the dark days of the 1930s and wipe out the gains of globalisation, a hard-hitting report said tonight.
In its annual assessment of the global economy, the World Economic Forum warned of a rising tide of protectionism, nationalism and protests as seen during the Great Depression. Read more.
