German and US Economies in Crisis, Indonesia under Control
The economies of the United States and Germany are on the brink of crisis. The impact of the crisis on Indonesia is believed to be still controlled.
People walk past the New York Stock Exchange (NYSE) on March 16, 2023 in New York City. Stocks fell again in morning trading as investors continue to show concerns over the stability of global banks following the collapse last week of Silicon Valley Bank.
WASHINGTON, FRIDAY — Two developed countries with strong economies, the United States and Germany, are facing a crisis. In fact, the US is still in a negotiation deadlock over the debt ceiling between the White House as the executive government and the House of Representatives, one branch of the legislature.
Meanwhile, in Germany, both the government and financial experts have predicted there would be no drastic economic downturn. However, there will also be no meaningful growth. In essence, the economy is expected to decline until 2024.