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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: Elroy Jetson9/10/2019 10:32:46 AM
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Russia’s central bank in its risk scenario does not rule out oil prices falling to $25 per barrel in 2020, it said in its updated macro economic forecasts on Monday. -;

The risk scenario could be triggered in case of lower demand for energy products around the globe and worsening prospects for global economic growth, it added.

In case the risk scenario materializes, Russia’s inflation could jump to 7.0–8.0% in 2020 with gross domestic product falling by 1.5-2.0%.

The doom and gloom scenario was just one proposed by the bank. If that risk scenario actually materializes, Russia’s inflation could increase to 7% or 8% next year, on the back of falling gross domestic product to 1.5%– 2%.
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