12:54 - 8.07.2022

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July 8, Fineko/abc.az. "The risk of global economic crisis is increasing. On the one hand, in a number of developed countries, there is again an increase in the number of cases of infection with COVID-19 virus and on the other hand, the Russian–Ukrainian war does not pass without a trace for the economy of most leading states, including the eurozone,” ABC.AZ reports, quoting MP Vugar Bayramov.

"The price of oil has fallen almost by 6% since the beginning of July. In the context of the Russian-Ukrainian war, the forecast of global economic growth for 2022 was lowered from 4.1% to 2.9%. Forecasts for this year have also been revised for the European Union. Predicting growth of 4.0% at the beginning of the year, the Europeans reduced this figure to 2.8%. All this has intensified market fluctuations associated with a drop in oil demand, which is also observed in prices," the MP said.