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The world may repeat the crisis of seven years ago

07.10.2021

The economist predicted a repeat of the 2014 currency crisis in the world market.
In his opinion, this may result from a possible change in the Fed course towards a tighter monetary policy. “It will stop giving the markets money, which we have growing bubbles in the stock market for, and will start raising the rate. Last time it happened in 2014 and led to a terrible collapse in oil prices and commodity currencies,” he said.

Meanwhile, the expert noted that it is almost impossible to predict the crisis. The economist added that a scenario is also possible in which both a new crisis and a period of growth in demand for commodities are formed in the world market.