U.N. Secretary-General Antonio Guterres has called for a “massive response” to the global financial system, with a focus on preventing a crisis in the U-S.
in the face of the “most severe financial crisis since the Great Depression.”
But the United States faces a “very, very different situation” in the midst of the economic meltdown, Guterre said during an interview with Reuters.
Guterres also told Reuters that his government is taking a very tough stance toward the U, as it continues to recover from the 2008-2009 financial crisis, and is trying to prevent a “disaster.”
Guterré, who took office in April, has said that the world is in a “transitional period” and that “the U.K. is a safe country to live in.”
He has also called for the “full integration of the European Union into a global system” to prevent the U from being a “giant country.”
But while Guterrez’s stance may be tough, the U is still facing a crisis on many fronts.
Guterrer said he believes that a “world financial crisis” is inevitable, and that the U faces a potential for another global economic crisis as it recovers from the crisis, Reuters reports.
The U. S. economy was the worst in the world in the first quarter of this year, according to the National Bureau of Economic Research.
The economic downturn is being felt across many sectors.
The United States is facing a “catastrophic” crisis that is affecting many sectors of the economy, said Guterrero, who added that the economy is “tremendous” but that he is worried about a possible recession.
A global economic meltdown would create a “significant disruption in our society,” Guterrera said, adding that there is a “big gap between the number of jobs and the amount of income that we have.”
“It’s an absolute crisis, a catastrophe, it’s a crisis that we are facing,” he said.
According to a report from Bloomberg News, a “sizable share” of the U’s economic output could be lost, with an impact on millions of people, and the economy would be “largely stagnant” as a result.
This would be a “grave threat to the stability and prosperity of the global economy,” Gigerres said.
“It would also have serious repercussions on our way of life.”
Gutierrez said that it is critical for the United Nations to make clear that the global crisis will not be the “only reason” for the financial crisis.
“There will be a financial crisis for the world, not just the United Kingdom,” he told Reuters.