Sunday , March 7 2021

The Russian expert predicts a new world crisis



Another horizontal crisis in the global economy will be between 2019 and 2021, but it is difficult to predict the situation, Russian economist Sergei Hestanov said.

"Between 1986 and 1987, between 1996 and 1998, between 2008 and 2008, in the 7 months long periods, the middle class or the juggler cycles were the most striking practical use and implemented in different countries in the world economy, for instance, between 1986 and 1987 Slowing oil prices have fallen sharply "Hestnov explained.

"In 1997, the financial crisis in South East Asia was affected adversely, and the 2008 crisis was almost the same, and it is likely that this cycle will not repeat from 2019 to 2021.

Hestnov pointed out that the economy is very difficult to predict the times of certain developments. What can we expect from the world's biggest economy, ie, the steps of the US Federal Reserve to understand how the developments are revealed? He pointed out that the objective price index of major cities in the US had crossed the level of mortgage crisis in 2007. According to Hestonva, the reference to the US Federal Reserve will increase in interest rates.

In 2015, China maintained itself at the highest level of international reserves, and thereafter the repayment collection was reduced. "In any case, if the reduction is reduced, the Chinese economy is rising," said the expert.

(Sputnik)


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