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The debt limit — $14.3 trillion — will be hit as early as mid-May.
Emerging markets will be hit as well: the total value of the Emerging Markets Free Index, which represents 26 emerging markets, will fall by two-fifths, from $950 billion to $560 billion.
But it is still clear that the Italian middle classes will be hit as never before.For his part Mr Prodi, who first lost power in 1998 after hard-line Communists had refused to back his government's public-finance policy, is clearly determined not to let it happen again.
"Exports will be hit as well.
They will be squeezed on all sides, and no one pursuing college studies will be hit as hard as those who do not have a full ride for their education, whether from parental support or scholarships.
Exports will be hit as recession grips the rich world.
Similar(51)
London will be hit at least as badly as anywhere else (200,000 Londoners may lose their jobs in the next two years, says one estimate).
The statistics, on which such firepower relies, mean that in densely populated areas such as Gaza, civilians will inevitably be hit as well.
By the end of this decade, women's incomes will be hit twice as hard as men's.
U.S. jobs and investment-led innovations will be hit hard, as will the promise of an ever-expanding global economy that can truly erase poverty.
"I don't think Holyfield has been hit as hard as he will be hit here.
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Justyna Jupowicz-Kozak
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