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Europe: the eye of global economic storm

After Brexit, Europe’s political situation and the stability of its financial system have been the biggest concern of the global market. According to Anbound Think Tank economist Professor Zhong Wei, the current global economy is a four-cornered competition between Europe, the United States, Japan and China, and certainly one of them would be the first to fall down. Currently, the United States and China enjoy relatively stable social and economic conditions, while Japan is declining due to its debt issues. Yet, the fall of Europe might be sudden. Now there are problems in the financial system of Germany and Italy, while next year France, Germany, Italy and the Netherlands will be having general elections and the situation could change. It can be said that the largest eye of storm for global economy is in Europe.

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