“A new financial crisis will not be” – analyst forecast


The cause of the global financial crisis of 2008-2009 was the bankruptcy of many financial institutions. There is no such. Photo: REUTERS

The fall of the world economy at the moment should not be expected, said Gazeta.ua the analyst of “Alpari” Maxim Parkhomenko.

“Yes, the markets have been falling and the drop in quotes. But in General terms, the reduction did not exceed 8 percent. Thus, over the past year, the stock market rose more than 20 percent. And from the beginning of 2018 at an average rate of 9 percent. Thus, the current decline in the stock markets is a correction, nothing more. In the context of the global economy, this does not mean slow or crises,” – said Maxim Parkhomenko.

According to the analyst, Ukraine these events will not be affected.

“The cause of the global financial crisis of 2008-2009 was the bankruptcy of many financial institutions. There is no such. The system is more stable and sustainable than in the past. Then most affected the United States, followed by Europe. Cascade the crisis moved to other regions. Now there is no reason for a repetition of the events of those years,” says Parkhomenko.

Yesterday after the collapse of the stock markets of the USA and falling shares of major companies 500 world’s richest people lost $114 billion the Reason for the fall experts call the fast growth of profitability of us government bonds. In addition, the justified fears of rising inflation and rising interest rates the Federal reserve system. Losses in new York turned into a further fall in Asian markets. On the morning of 6 February the Japanese Nikkei index lost 6.6% and the Chinese Hang Seng fell 5%, the stock index of the Shanghai stock exchange Shanghai Composite fell 2.2%.

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