Expert: U.S. interest rate rises causing global economic unrest

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03:44

The British pound tumbled to a record low of 1.03 per U.S. dollar on Monday, as a new tax-cutting plan increased recession fears. John Gong, the vice president of Research and Strategy at the Israeli campus of the University of International Business and Economics, says that interest rate rises in the U.S. have led to global economic unrest.

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