Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Recession of the world economy is inevitable without energy exports from Russia


March, 28 2022
watermark Economic news

Experts from the Federal Reserve Bank of Dallas said that the global economy will inevitably face a recession if Russia decides to stop exporting hydrocarbons.


They drew a parallel with the global recession of 1991 caused by a problem with oil supplies, but called it only a short-term recession in the United States, which lasted less than a year. The expected recession may last much longer, analysts believe. 


Many economists and investors share the view that rapid inflation significantly increases the chances of a global recession. German Chancellor Olaf Scholz also warned that an immediate ban on Russian energy imports would cause an economic downturn in Germany and across Europe. 


Nevertheless, the country is ready to eventually stop its energy dependence on Russia, but a sharp break in all ties will not bring anything good to the German economy. Scholz acknowledged that in this case, hundreds of thousands of jobs would be at risk, and entire industries would be on the verge.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.