The global economy is currently in crisis for the first time in almost 15 years. This was stated in an interview with RIA Novosti by the economist, ex-head of the Russian Ministry of Finance Mikhail Zadornov.
“There has not been a global crisis since 2008, almost 15 years. This period alone has accumulated huge imbalances,” the expert said.
He noted that at the beginning of the year there were doubts that the crisis could be avoided this year, as economic growth was positive. However, the situation changed at the beginning of March, when there was a fall in banks in the United States and Europe.
“It has become apparent that a number of assets, not only bank stocks but also long-term government bonds, corporate bonds, the venture capital market and real estate, are depreciating. “, explained the former Minister of Finance.
Earlier, International Monetary Fund (IMF) chief Kristalina Georgieva said the global economy is currently in a vulnerable position.
Former Finance Minister Zadornov: The world economy is in crisis for the first time since 2008
