09NovemberThe head of one of the world's largest investment banks Goldman Sachs David Solomon believes that the Ukrainian economy can benefit from rising commodity prices in anticipation of the market financial crisis
According to the expert, the rise in the cost of commodities due to oil shortages in the world market and the high demand for metals in Asia will allow economies of third countries, whose incomes are generated through the implementation of raw materials, to obtain extra profits, writes Hyser.
As experts expect, a sharp jump in the incomes of such economies will have in 2019 - 2020 years.
"We are still convinced that commodity products will show rally again, pushing back from the bottom," said David Solomon.
Meanwhile, in October 2018, total losses on exchanges in the United States, Asia and Europe reached five trillion euros, the largest collapse of the markets since the collapse of the Lehman Brothers bank in 2008.
"The American index S & P 500 completed in October a fall of 8% - the worst result over the past ten years. The high-tech Nasdaq has gone down by 9.2%, also having set its anti-record since November 2008. And the stock index MSCI World, which includes securities traded in 23 countries, since the beginning of the year has fallen by 15%, "- say experts.
Analysts point to such events as negative factors of influence on stock quotes:
the initiative of Italy to leave the European Union;
the murder of journalist Jamal Khashkudi at the Consulate General of Saudi Arabia in Istanbul, Turkey;
rising interest rates in the US;
aggravation of trade relations between the USA and the People's Republic of China.
Bank JP Morgan Chase predicts that the next financial crisis is expected by humanity in 2020. However, it will not be as large as in 2008, - the value of assets in developing countries today is significantly lower than in the previous collapse. Analysts note that one of the first signs of the coming crisis will be the fall of American indices. In 2008, the S & P index fell by 54%.