the global economy is weakening despite a surge in online commerce
Rapid technology advancement might be enough to convince you that domestic and global economies are getting better, but in fact, the situation is quite the opposite. A recent report from the International Monetary Fund (IMF) highlights the vulnerability of the world’s economy, as global debt hits an all-time high of over $150 trillion.
Such debt figures should not be a problem when the economy is growing quickly, but unfortunately, the world economy is not growing fast. Some of the most indebted countries have stagnant or declining economies. IMF says that a combination of slow economic growth, high debt, and weak banks could propel the world into a dangerous financial direction.
The number of online business-to-consumer transactions is rising rapidly.
Concerns about a weakening global economy have been further echoed by the United Parcel Service, Inc – the largest package-delivery company in the world – which is foreseeing future business turmoil …