Venture investor Oscar Stachowiak called the condition of total collapse of the global economy in the near future in an interview with RIA Novosti.
According to the expert, such a scenario is quite possible if the economies are open. “If the restrictions (quarantine and a ban on companies) will continue in the third quarter, the whole economy will be in big trouble,” he explained.
Stachowiak stressed that much of the damage the economy suffered during the second quarter of this year, but by the end of the period the situation will become better. However, many companies unable to reset and devalue their assets. This, in turn, will affect the growth of the debt, the size of which will depend on the industry’s business.
