Global economic gloom, likely to remain. Global economic crash, very unlikely. The world is going through a global economic slowdown which is likely to remain further as china's economy is slowing down. For the past decade China has been the driving force of the world economy, but that period is over. China is itself dealing with the slowdown due to its previously overvalued markets. But that is just a mild turbulence for the global economy. IMF in its recent review saw only India as the bright spot in the developing world. If India steps up to its role in the global economy, it can certainly boost investor and consumer confidence. A situation of global economic crash before 2025 is only possible in case of China playing something very fooilsh like continuously devaluing its currency. Russia has trade sanctions imposed on it, Brazil is underperforming and disappointing, China is slowing and India is dealing with its governance and reforms roadblocks, no major country in the developing market is stepping up, so economic gloom may remain.
