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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[–] Valmond@lemmy.world 1 points 5 hours ago (1 children)

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!

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

True. I guess it depends how the US starts to fail. I imagined that people stop buying our gas, we lose global influence, and the boycott on Russian oil will fail. Europe will keep it up, others won't.

I hate to say we'll see, but.. we'll see!