Wave a wave of sale on the background of the global stock markets against the background of the detection of Omicron-strain Coronavirus is unlikely to lead to the collapse on the stock exchanges. This was stated by the head of the laboratory of the Institute of Applied Economic Research, Ranhigs Alexander Abramov in a conversation with the Agency “Prime”.
According to him, even in the case of a collapse of damage for the Russian market will be small. “Even if a truly large-scale decline happened (a drop in stocks by 25 percent or more), he would not have caused serious shocks in the domestic financial market, unlike situations in 1997-1998 and in 2008,” he said.
The economist added that compared with situations in those years, today the Russian market is less dependent on foreign portfolio investors. Also, despite the big influx of individuals on the stock market, large amounts there are a few.
According to Abramov, if we talk about internal institutional investors, they carefully invest in stock.
Earlier in December, the General Director of the World Trade Organization (WTO) of NGOi Okrojo-Iveala estimated the influence of the new Omicron strain of coronavirus to the world economy. According to her, the restoration of the global economy will slow down from it: this is due to unequal access to vaccines against COVID-19. The WTO head pointed to the need for a “very diligent” solution to this problem, as it threatens the emergence of the difficulties representing the “huge risk for sustainable economic recovery in the world.”