The failure of a number of major US investment banks, including Silicon Valley Bank (SVB), could be the start of more serious financial stability problems. Depositors and capital outflows have had only a moderate impact on credit conditions to date, but the situation may worsen in the future. reported On the website of the International Monetary Fund (IMF).
The recent failures of large internationally non-operating banks, which so far have had only a modest impact on lending conditions, have the potential to be the start of more serious and deep-rooted systemic financial stability problems.
The slowdown in business activities in the USA may accelerate on the ground of tightening the monetary policy, which strengthens the dollar, under the leadership of the Federal Reserve System (Fed). The article also concludes that the deterioration of financial stability in the USA can become a prerequisite for the aggravation of the crisis in other countries of the world.
May 27, RIA Novosti agency, citing the report of the White House Council of Economic Advisers reportedIn the event of a default on public debt payments, the US stock market could crash by 45%. Also, in such a scenario, the gross domestic product (GDP) volume of the USA would decrease by 6.1% and 8.3 million people would lose their jobs.