He recalled that the US economy is entering its eighth consecutive year of the growth, something that Zschapitz claimed will be inevitably followed by an economic meltdown.
"Economic recovery in American history lasted a maximum of 9 years, so another recession is expected in 2017 at the latest," he said.
Zschapitz added that the average economic growth cycle lasts five years, which is then followed by a recession.
According to the most pessimistic forecasts, the US economy will face problems in the not-so-distant future. Earlier, noted Swiss-born investor Marc Faber claimed that the US recession has already begun, and recommended investing in 10-year US government bonds, Zschapitz recalled.
He went on to say that the US economic recession poses a specific danger to Europe, where, in addition to the problem of refugees and the threat of terrorist attacks, there is a great probability of at least one country leaving the EU.
"The probability of Finland's exit from the euro zone has increased by 4 percent, reaching its maximum since of the euro crisis in 2012," Zschapitz said.
It is safe to say that Brussels, which is aware of the upcoming challenges, celebrates the New Year without optimism, the expert concluded.
Finland joined the euro zone in 1999, and formally adopted the common currency in 2002. As for Britain, it is due to vote on whether it should stay or exit the European Union before the end of 2017. US President Barack Obama has repeatedly called for UK's continued membership in the union whereby, he said, it would give greater strength to the transatlantic union.
