Notice: curl_setopt(): CURLOPT_SSL_VERIFYHOST no longer accepts the value 1, value 2 will be used instead in /home/admin/web/eastrussia.ru/public_html/gtranslate/gtranslate.php on line 101
Experts predict a new economic crisis in 2020 - EastRussia | Far East

Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

This text is translated into Russian by google automatic human level neural machine.
EastRussia is not responsible for any mistakes in the translated text. Sorry for the inconvinience.
Please refer to the text in Russian as a source.

Experts predict a new economic crisis in 2020

Experts predict a new economic crisis in 2020
Photo: pixabay.com

The International Monetary Fund has warned that in 2020 the world will face another economic upheaval. The upcoming drop in raw materials and energy prices will hit developing countries. For Brazil, India, China and Russia, the crisis will be painful.

The largest investment banks claim that the situation in the stock markets is very similar to 2008. Moreover, global debt broke another record - 188 trillion dollars, which is 230% of the cost of all goods and services on the planet. As reported RIA NewsFund experts warn that record debts could turn into the next most devastating economic crisis in history.

Experts expect markets to crash before the end of next year due to a trade conflict between Washington and Beijing. Another risk factor is the US presidential election.