this post was submitted on 15 Mar 2025
47 points (98.0% liked)
Economy
912 readers
127 users here now
Lemmy Community for economy, business, politics, stocks, bonds, product releases, IPOs, advice, news, investment, videos, predictions, government, money, politics, debate, current trends and more.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
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!
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!
I don't think the USA will fall, it will just not be the only/strongest player any more.
For russia, IMO, it is another story, they collapsed in the nineties, they seem to be on a path to collapse again.
But, as you say, we'll see!