Russian experts not to rule out second wave of world crisis

 
YEREVAN, July 2. / ARKA /. Russian experts do not exclude the probability of a second wave of global economic crisis.

Head of Research Department of Treasury and Financial Markets of Sberbank of Russia Nikolai Kashcheev believes that the second wave of the crisis is likely to happen.

“According to the laws of the genre, it would not be as deep as you cannot go into the same river twice,” said Kashcheev on Thursday during a speech at the Seventh Bond Congress of CIS and Baltic countries, held in Yerevan on July 1-2.

Senior analyst of the analytical department of Promsvyazbank Dmitry Gritskevich also did not exclude the likelihood of such developments.

“Right now, uncertainty is still quite high, many do not know where they can receive the negative news from,” he said.

According to managing director of rating agency Standard & Poor’s on Russia and the CIS countries Alexei Novikov, if the second wave of the crisis happens, it just does not have to wait for the U.S., as the growth in the United States will be slow, but it will continue.

“The second wave may come to some absurd gestures or actions of governments of one of the major players, whether China or Europe. In this case, something unpleasant can take place in the financial markets,” he explained.- 0 –

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (April 6-12)

Last week, the Armenian financial market focused on, among other things, statements by the Central Bank's management on macroeconomic risks, assessments of the possible inflationary impact of external shocks, discussions of stablecoins, and the development of regional payment infrastructure.

Unibank Awarded Client Protection Certification by MFR

Unibank has been awarded the Client Protection Certification by MFR, a global rating agency, providing assessments, data and technical expertise for the sustainable finance industry.

Armenia and Georgia aim for instant payments and unified QR codes: new steps in fintech integration

Armenia and Georgia are exploring deeper cooperation in financial technology, including synchronizing instant payment systems, simplifying bank account opening, and implementing unified QR codes, announced by Varlam Ebanoidze, Head of the Financial and Supervisory Technologies Development Department at the National Bank of Georgia.

IDBank Participates in Regional Conference of the Union of Banks of Armenia

IDBank took part in the conference titled “Opportunities and Prospects for Cooperation between Business and the Banking System in Lori Region”, held in Vanadzor.

Unibank to participate in Leasing Expo 2026 with a special offer

From April 10–12, 2026, Unibank will participate in Armenia’s largest international exhibition for leasing and financial solutions, offering visitors favorable conditions.

LATEST NEWS

spot_imgspot_imgspot_img