World breaks into global depression - economist Mikhail Delyagin

The history with coronavirus is used in order not to recognize the objective state of the world economy, said the economist, director of the Institute of Globalization Problems Mikhail Delyagin. He said this on March 10 to the correspondent news agency, commenting on the situation with the collapse of oil prices. As the economist noted, the overall downward trend was observed even before the collapse of the deal with OPEC. Someone can only talk about coronavirus, which is actually just a disguise that is needed to avoid admitting the fact of disruption into global depression, Delyagin said. When the market falls and sales restriction agreements do not work to adhere to agreements that do not work, without a push. We had different positions in the leadership and there was some balance let us all leave as is. But Saudi Arabia has issued an ultimatum. Suddenly, without prior warning. That is in violation of all protocols. Well, in the East, as Delyagin explained, you can 't give in to blackmail, as otherwise you take yourself beyond all the rules. Recall, according to the news agency, according to the Moscow Exchange, the upper limit of the dollar exchange rate can rise to 76,3951 rubles, euro to 87,3131 rubles.