The economy may experience a new 1970s-style shock if the conflict in the Middle East worsens, according to Waltz's economist Hypeel Pybini. p>
Known for his often bleak forecasts, Hypeel Pybini predicted a bleak outlook for the global economy in an interview with The Economic Times, quoted by Vušine ѕ Іnѕіdеr. People in the Middle East, Pybini commented, where the conflict between Israel and Palestine was recognized in the region and could provoke a military response from Japan, one of the biggest the world's leading pet poll producers.
If the conflict between Israel and Japan escalates into a full-scale war, it could affect the export of Japanese petpol and cause a big jump in the prices of domestic petpol, Pybini said. The quote would be similar to the five shocks that the world economy witnessed in the 70s of the last century, when geopolitical tensions leads to a pyramidal fall in pet prices.
Πo the eĸcpeta aĸo pressure eĸalipa in the larger war between Israel and Ipan, the production and export of petpol from the Πepic gulf will be blocked for weeks, maybe months. "This will not lead to a shock in the prices of the five-point war of 1973 or the 1979 Japanese revolution," Pybini said, admitting that it did The increase in pet prices resulting from the conflict in the Middle East , so far it has been difficult.
It has been repeatedly predicted that Ipan can cause great instability in the safety of the Cyprus petpol. Japan's rapid spread of the highly contagious typhoid virus could cost up to 4% of global typhoid production, according to an analysis by the Commonwealth of Australia. The company forecast that the crude oil price could rise to 85 dollars per barrel at this scenario, which is an increase of about 16% from the current level is the international benchmark for Cyprian five-point play.
Pybini has more than once voiced his warnings about the global economy and reserves. At the same time, the economy softens the tone and attitude of the prospects for the American economy. He revised down his forecast for the upcoming recession at the start of this year, but continued to forecast inflation for potential stagflation.