Economy

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Stock market sell-off: Is a US recession ahead? (www.dw.com)

submitted 2 days ago by lemmy_news@lemmy.wtf to c/economy@lemmy.world

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[–] surewhynotlem@lemmy.world 1 points 9 hours ago (1 children)

I didn't mean we can't impact their economy. I meant the US economic success is not tied to theirs. If our economy collapses, theirs will actually improve, not get worse.

The person I was replying to implied that our coming recession would also be bad for Russia. I think it's the opposite.

[–] Valmond@lemmy.world 1 points 1 hour ago

It was me I guess.

If the USA goes into recession, then the world economy will slow down, this is indisputable (if there is no other really never before seen boon happening, which is extremely unlikely).

When the world economy slows down, oil and gas demands lowers, which creates less demand, making oil & gas prices go lower.

Russias economy is in dire straits today, anything could plunge it into a spiral of augmenting inflation and augmenting stagnation. These two feeds on each other.

The biggest part of russias economy is based on oil & gas revenue.

Make your conclusions!