Euro will drag Russia into the abyss

21 June 2018, 14:08 | Economy
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The world is living out the last quiet days. Next year, another global economic catastrophe will break out. And it will not be possible to stop the fall, experts predict.. "The situation in the global economy is changing literally before our eyes. If at the beginning of the year there was a mass of victorious reports on the theme that the world growth is accelerating, that, unlike in previous years, it is synchronous, that the rates of international trade outstrip the growth rates of global GDP, but now the situation is different, "the head of the center pointed out to Vzglyad "Finance and Economics" of the Institute of Contemporary Development Nikita Maslennikov. In his opinion, the last straw will be the US trade war with China and other countries. If there is no compromise, the world economy will go into negative territory by 1.4% of GDP in the next year. However, the president of the consulting company Neocon Mikhail Khazin is sure that the world crisis has already happened: it has not stopped since 2008. , and all reports on the growth of the economy - a simple game in figures. "There is no economic growth anywhere - neither in the US, nor in the EU. They, of course, represent growth, but solely because they changed the statistical method. They included, for example, intellectual property in GDP, and due to this they have GDP and growing. And if you compare with the methodology of the 70's, then there is an economic downturn, "- said the expert. In his opinion, the collapse of markets is inevitable, it is only a matter of time. This is perfectly understood by US President Donald Trump, since he is a big businessman. "The US, than, in fact, is engaged in Trump, will try to keep their markets at the expense of the collapse of the EU, Japan, China, India. It seems to me that they will not get it, "Khazin said.. But the crisis in Russia will also hit hard. "We have single markets now, therefore, wherever it starts, it will affect everyone," the economist emphasizes.. And Russia's accumulation of reserves, as well as a partial waiver of US securities, will not help to avoid difficult times.

"Russia's Decrease in Investments in US Government Bonds Does not Mean Nothing". What difference does it make if we transferred these funds from dollars to euros, because the euro is a subsidiary currency relative to the dollar, "says Khazin. Note that the gold and foreign currency reserves of the Central Bank of Russia in the first half of 2018. The growth in terms of dollars to 461 billion. The volume of the National Welfare Fund by June 1, 2018. amounted to almost 3.928 trillion rubles, or 62.7 billion dollars.




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