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'Next global financial crisis could trigger a 50% plunge in emerging market stocks'
The crisis prediction model created by the bank predicts that the next big financial crisis will erupt in 2020 and that its severity will be less than that of the 2008 crisis. The hallmarks of such an economic plunge will be a great liquidity crisis, a significant rout in US and emerging markets and a softening of the energy prices, the analysts said, according to Bloomberg.
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