The increase in oil prices is already a serious impulse for the world economy.
If the price of oil continues to rise, the world may face an economic shock. This means that in the coming months it is possible to see an increase in prices, an economic slowdown and a decrease in people’s purchasing power.
Why is this important?
Oil affects almost everything, from fuel to food. When it becomes more expensive, other goods and services become more expensive as a chain.
Արդյունքում՝
• prices are rising
• People’s purchasing power decreases
• the economy is slowing down.
In other words, we can buy less with the same money.
Economist Suren Parsyan
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