The global economic crisis will begin in 2018, maybe even the end of 2017. In an interview with Rambler News Service said American investor, owner of Rogers Holdings Jim Rogers.
The economic downturn scared people will buy dollars as the U.S. currency is considered to be a reliable asset, he said. “The dollar will fly high, will turn into a “bubble” and collapse,” said Rogers.
In the future, investors will begin to look for other assets, the Russian currency would be one such. “The ruble will become much stronger than the dollar,” he said.
According to him, the crisis can come from anywhere in the world. “This may be the final collapse of the Greek economy, it can be retirement plans in the United States,” — says the businessman. Also the catalyst could be the collapse of financial institutions in Europe or China. “The Chinese have said they will not save the bankrupt company. If this really happens, it will be a huge shock for everyone,” said Rogers.
Sanctions against Russia will be removed within the next year or two, he said. According to him, the lifting of the restrictions will start with Europe. “I think that by 2019, penalties will no longer be a problem,” — said the Agency interlocutor.
In the Russian economy grows, the share of agriculture, which is booming because of the sanctions, said Rogers. The liberation of Russia from dependence on oil will happen gradually. Maybe it will happen by 2030, subject to sufficient diversification of the economy, says American investor.
According to the forecast of the world Bank, the growth rate of the world economy in 2017, accelerating to 2.7 percent. At the same time optimistic Outlook “subject to major downside risk factors”, according to the materials of the world Bank. The recovery in world trade volumes may be reduced to no new trade restrictions.
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