New Delhi: The noise of economic recession is being heard all over the country. Now its threat has started appearing in the international world as well. Russia, USA, UK and other economic superpowers may come under its purview. Meanwhile, there is good news for the Indians. In the global market, the price of crude oil is currently expected to fall from around $ 60 to $ 20 per barrel, leading to a fall in petrol-diesel prices.
In fact, there are signs of weakness in the demand for oil, which is expected to bring down the price to $ 45 per barrel. If it falls further, it could come down to $ 30 or $ 20 per barrel. However, this situation will be good for the Indian economy. Raul Pan, CEO of Real Vision Group, said this in an interview. Brent crude, considered an international benchmark of crude oil, is currently around $ 60 per barrel, while West Texas Intermediate is selling at around $ 55 per barrel.
Raul Paine has said that the recessionary crisis is looming on the international economy. The time to come can be challenging. Many countries are already in the grip of recession. America is also moving towards recession. The global economy has also been affected by the trade war. China is also caught in this recession. India's growth rate has declined. He said that I see the global recession coming and that there are no such factories which can prevent the recession from coming.
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