New Economy Forum
Yellen Leads Chorus of Concern Over Risks Facing Global Economy
- Debt has shifted to non-financial corporates since crisis
- Paulson warns of potential U.S.-China ‘economic iron curtain’
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The world economy faces risks ranging from surging non-financial corporate debt to U.S. fights with creditors and the potential for a new global dividing line.
Those concerns dominated the second day of the Bloomberg New Economy Forum in Singapore on Wednesday, where former Federal Reserve Chair Janet Yellen warned the U.S. might struggle to cope with lending risks that have spread beyond banks.