Source Pravda.Ru

Iraq attack: Spectre of recession

A prolonged military campaign in Iraq will provoke a world economic recession. The signs are already crystal clear in the pre-war reactions of the world’s stick exchanges, which show a pronounced nervousness.

At the beginning of this week, with talk that a military campaign in Iraq is imminent, the markets reacted. In London, the FTSE-100 fell 1.09%. The DAX in Frankfurt fell 2.18%, the Dow Jones 0.3%, Nasdaq 0.9% (both USA), the Mib-30 in Milan 2%, the Ibex-35 in Madrid 1.9%, the CAC-40 in Paris 1.4%.

Experts feel that a war in Iraq will send the cost of crude spiralling, which in turn will wipe away any economic indicators of an upturn, sending the world economy back into deep recession. What the world economy needs as it makes tentative efforts to emerge from a bearish cycle is confidence. This is not what the external signals from the USA is bringing.

John ASHTEAD PRAVDA.Ru LONDON UNITED KINGDOM

Related links:

Moscow is trying to stop Balkan countries from entering NATO. Greece eventually took measures against Russia, even though Greek Prime Minister Alexis Tsipras had earlier said that Russia was Greece's strategic partner

Militant Greek atheist Alexis Tsipras betrays his people, Orthodoxy and Russia

Moscow is trying to stop Balkan countries from entering NATO. Greece eventually took measures against Russia, even though Greek Prime Minister Alexis Tsipras had earlier said that Russia was Greece's strategic partner

Militant Greek atheist Alexis Tsipras betrays his people, Orthodoxy and Russia
Comments
After Syria, Russia goes to Afghanistan
After Syria, Russia goes to Afghanistan
After Syria, Russia goes to Afghanistan
After Syria, Russia goes to Afghanistan
Americans obtain secret information about Russia’s new Avangard missiles
Putin parades Russia's new 'fantastic' weapons that no one else in the world has
Americans obtain secret information about Russia’s new Avangard missiles
Serbia will recognize Kosovo only over its dead body
Americans obtain secret information about Russia’s new Avangard missiles
Putin does not exclude war with Ukraine in Donbass
Russian party girl Nastya Rybka refuses to please Washington
Serbia will recognize Kosovo only over its dead body
Putin makes first public comment on Russian pension reform
Serbia will recognize Kosovo only over its dead body
Putin warns of consequences should Georgia and Ukraine become NATO members
The Big Brexit mistake
Putin makes first public comment on Russian pension reform
Serbia will recognize Kosovo only over its dead body
Serbia will recognize Kosovo only over its dead body
Serbia will recognize Kosovo only over its dead body
Serbia will recognize Kosovo only over its dead body