The world economy is currently on the verge of collapse, the crisis is not over yet, Report informs referring to Bloomberg.

“The selloff, if left unchecked long enough, could muck up the gears of the financial system, slow lending and act as the final straw that tips the global economy into the recession that many now fear,” the agency noted.

The Financial Times notes that investors have withdrawn more than $6 trillion from global funds – the global sell-off was caused by investors’ panic over the inaction of the US Federal Reserve.