Global economy predicted a “lot of pain”

81

www.vsyako.netPhoto: Spencer Platt / Getty Images

The global economy and stock markets of different countries will experience an even “much pain”. With such a forecast made by the oil and gas, investment analyst at Cantor Fitzgerald Jack Allardyce, who was quoted by Business Insider.

“Despite the fact that the price drop is still not as much as during the previous crisis of 2008, the pace unprecedented, and the pain will last a very long time,” he predicted Allardyce.

In turn, the strategist RaboResearch Michael Avery said that the world market expects “a huge shock”.

Financiers refer to the fluctuations caused by the fall in oil prices to the lowest since 2002 level and the growing threat to the world economy from the spread of coronavirus. Investors are not convinced even by the President and Congress measures to support the national economy.

In the result of record growth of the American indexes observed at the end of March, 30th of March gave way to fall.

Analyst investment Bank Standard Chartered Eric Robertson in an interview with CNBC, urged investors and speculators to invest in shares in the hope for the future continuation of the bullish trend in the market. According to him, the main factor which will force investors to re-start play in the fall, selling assets, will be the publication of economic data from the American Ministry of Finance in early April. Of them will be the clear depth of the pandemic crisis.

Video, photo All from Russia.

LEAVE A REPLY

Please enter your comment!
Please enter your name here