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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 –

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