The greatest economy in the world according to most financial experts is The United States Of America. Yet it has seen 13 recessions since 1929. It has seen an unemployment rate as high as 24.6% during one of those recessions. It has seen 9800 banks declare bankruptcy between 1929 and 1934. Yes, 9800.
That was not a typo. It has seen full blown depressions to mild recessions of just a few years ago. Its economy has seesawed like waves in the ocean yet it has survived and grown. Its external loan as of today has crossed $20 trillion dollars. That’s approximately 600 years of Pakistan budget. for further details, Visit Link
Author: Mir Mohammad AliKhan