“All these measures are currently coming not from in order to save the economy, and to prevent the slide into economic crisis that could escalate into another Great depression. Experts have long warned that the world stands on the threshold of the great depression, simply put, an economic crisis, which may last for several years.
the Leading countries intend to prevent a decline of the economy, but it depends largely on how allocated 5 trillion dollars will be distributed. The modern economy is a hierarchical system. At the top are the United States, in second place leading economies of the EU countries, and then Asian, such as Japan, South Korea and China. To avoid a repetition of the great depression, it is necessary to keep these economies afloat. Judging by the emerging picture of the Chinese authorities its economy to keep can. With the US economy and European countries all the more complicated. It is fundamentally important to the funds that will highlight the country’s “Big twenty”, has gone to support those economies that are most threatened.
the Sum of 5 trillion dollars is extraordinary. Frankly, the large reserves of the countries now no. And if these five trillion doesn’t work, we can really say that the economy fell into a prolonged crisis from which there is no easy exit. But if we analyze the situation today, the world economy is still no sign of crisis is not felt. And the 5 trillion will be barrier which will have to contain the crisis. But if it doesn’t work, you can begin a very serious process. Not now see any great prospects for additional funds, because then there is the problem of unacceptable debt burden on the economic system.
it is Worth noting one more thing – the statement “G-20” seem to be largely declarative. The fact that under the influence of the epidemic of the coronavirus, all countries are closed to each other. But we must remember that throughout its history, beginning in 2009, the group has proceeded from the ideas of globalization. Today, this philosophy is not. So you can think of these documents as the Declaration intended to reassure the world public, but now every country for itself.
drawing an analogy – each state is in its “compartment” global “submarine”. And every country is fighting for the survival of his “compartment”, its economy. And when there is some accident, all the “compartments” zadravetz, and everyone is fighting for himself, not relying on the help of neighbors and not coming to help them.
Given the specificity of the coronavirus, you can see the desire of some to blame the situation on someone else, in this case to China, who was unable to stop the epidemic in the Bud. In 2008-2009, this was not observed. Then the epicenter was the United States of America, but no one was looking guilty. Today the situation is different. And this seriously complicates the task of overcoming the crisis.
If that will be enough, in the future allocation of money will be useless. In the Arsenal of all countries do not have large reserves to long-term to stay afloat. Therefore, these 5 trillion could be decisive in preventing a new great depression.”
