The media reported on a turning point in the global economy

The global economy has reached a tipping point, and trade tensions may cause a rift in the world's financial system. This was reported on June 29 by the Reuters news agency, citing Agustin Carstens, head of the Bank for International Settlements (BIS).

"Carstens said that the trade war initiated by the United States and other policy changes are undermining the long-established economic order. He said the global economy is at a "tipping point," entering a "new era of heightened uncertainty and unpredictability," which is putting public trust in institutions, including central banks, to the test.

According to the agency, "increased protectionism and fragmentation of trade are of particular concern, as they contribute to the economic downturn. In addition, the global economy is becoming less resilient to shocks, as climate change, geopolitics, population aging, and supply chain problems lead to increased instability.

The exchange rate is not up to date: will global instability affect the ruble

Experts predicted the value of the ruble in the next quarter

Earlier, on June 3, the Financial Times newspaper, citing a forecast from the Organization for Economic Cooperation and Development (OECD), reported that the global economy is entering a period of weakest growth since the COVID-19 pandemic due to the trade war of US President Donald Trump. It was specified that in the next two years the global economy will grow by 2.9%, in 2020 this figure has always exceeded 3%. The decline in economic growth will affect almost all states.