The Hill: clouds are gathering over the global economy

Columnist Desmond Lachman, in an article for The Hill, noted that the most significant problems are those that come from China.

“Chinese leader Xi Jinping announced his intention to reduce the incidence of coronavirus to zero, and large cities like Shanghai and Beijing went into quarantine,” he said.

Lachman stressed that as a result of this, at least 350 million people could not work in their usual conditions.

Another "dark cloud" the journalist called the situation with the supply of Russian natural gas to Europe.

“The complete cessation of energy exports from Russia threatens to reduce German GDP by 1.5% in 2022 and by 2.75% in 2023,” Lachman said.

Earlier, the chief analyst of Sovcombank, Mikhail Vasiliev, named the likely scenarios for the coming global crisis.

Rustam Tankaev, a member of the Energy Strategy and Fuel and Energy Complex Development Committee of the Russian Chamber of Commerce and Industry, called the strategy of abandoning Russian gas a dead end for the EU economy.