Will There Be A Crisis In Russia

Will There Be A Crisis In Russia
Will There Be A Crisis In Russia

Video: Will There Be A Crisis In Russia

Video: Will There Be A Crisis In Russia
Video: Alexei Navalny: will the West stand up to Russia? | The Economist 2024, March
Anonim

The world crisis of 2008 has not spared Russia either. By the end of 2011, the country had recovered from the economic turmoil, but many well-known experts are already predicting a second wave of the crisis, even more severe than the first. Will Russia be able to avoid the impending difficulties?

Will there be a crisis in Russia
Will there be a crisis in Russia

In the context of world industrial and economic cooperation, the countries are so closely linked to each other that Russia will not be able to stay away from world cataclysms. An example of this is the 2008 crisis - it was only thanks to the accumulated financial resources that the country managed to survive the difficult times relatively well. The government was able to prevent the collapse of the banking system, without which the normal functioning of the economy is impossible. Significant funds were directed to the social sphere, as a result of which it was possible to avoid a reduction in pensions, children and other benefits. However, the new wave of the financial crisis promises to be much heavier than the first. The Euro zone is on the verge of collapse; many countries of the Eurozone are, in fact, bankrupt. Only multi-billion dollar infusions from donor countries such as Germany and France keep them afloat. But the situation continues to deteriorate, while no one has yet been able to offer a real way out of the current situation. Modern Russia is not cut off from the world, so all the world's financial and economic problems affect it as well. The second wave of the crisis threatens the collapse of the economies of many countries, which automatically entails a decrease in the consumption of oil and gas - the main products of Russian exports. Which, in turn, will immediately affect salaries and pensions. In a downturn in the economy, employers will be forced to lay off workers en masse, cut wages and other payments. The fall in the income level of the population will cause a decline in consumer activity, which, again, will lead to a decline in production. The banking system will again be under the threat of collapse - banks will simply have nowhere to take cheap loans in order to resell them, at a higher rate, to their clients. At the same time, Russian banks already have a huge debt to Western creditors. And not only banks - many of the country's leading companies took large loans abroad. The money taken is easy to give in conditions of economic growth, but in the event of a recession, for many enterprises it will become an overwhelming task. At the same time, it is the state that will have to pay off the debts of enterprises in which there is at least a small share of state participation. And this can significantly reduce the country's gold and foreign exchange reserves. Is a second wave of the crisis inevitable? Against the background of constantly arriving alarming symptoms, there are no particular reasons for optimism. It is necessary to take into account the constantly growing number of natural and man-made disasters that can have a very serious impact on the economy. Hope, of course, is for the best, but one should prepare for the biggest economic shocks.

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