Former Finance Minister Zadornov announced the first global economic crisis since 2008
[ad_1]
Former Russian Finance Minister Mikhail Zadornov said that the world economy was in crisis for the first time since 2008. Over the years, Mr. Zadornov believes, a large number of imbalances have accumulated.
“Is the world economy in crisis right now? Undoubtedly. Although at the beginning of the year there were doubts, primarily on the American market and among Europeans, that the crisis could be avoided this year: economic growth was near zero, but still it was positive, ”said Mikhail Zadornov in an interview. “RIA News”.
According to him, after the collapse of the banks in the US and Europe, it became clear that banking shares, corporate government bonds, the venture capital market, real estate and other assets are depreciating.
Among the causes of the global crisis, Mr. Zadornov named trade wars and protectionism, Western sanctions against Russia, as well as an “unprecedented period of zero interest rates” in the US and Europe.
Former head of the IMF Kristalina Georgieva predicted slowdown in global economic growth against the backdrop of the struggle of central banks with inflation. “Something has to make a boom,” she noted.
[ad_2]
Source link
