Recently, the American bank Morgan Stanley issued a gloomy projection on the United States economy. The latter could enter into recession in less than two years. A perspective which would be linked, among other things, to the dollar exit project on which the BRICS and their allies are actively working.
The BRICS exit from the dollar, the final blow to the American economy?
Morgan Stanley, a leading American banking group, has made a gloomy prediction for the American economy. In exactly 18 months, the most powerful economy on the planet will fall into recession.
According to Ellen Zentner, the chief economist at Morgan Stanley, this perspective The alarmist is about inflation and the Federal Reserve’s prolonged struggle to control it. This cause is not the only one leading the United States economy into a recession.
More broadly, the expert attributes the prospect of a recession in the American economy to the macroeconomic implications of the BRICS to exit the dollar. Some American economists had indicated that this project did not, in their opinion, contain anything very relevant.
But deep down, this skepticism is more like burying your head in the sand. Ultimately, the importance of BRICS actions cannot be underestimated. In recent months, the alliance has seen significant growth while expanding its dollar exit efforts.
The dollar in very bad shape!
The US dollar has traditionally enjoyed a privileged status as the world’s reserve currency. But BRICS actions threaten to undermine this position. A possibility that would lead to increased volatility in international financial markets.
Indeed, Morgan Stanley has reported a weakening of the dollar in recent weeks. This situation further exacerbates concerns about the US economy. This, while the BRICS currencies actively oppose the domination of the greenback.
What Morgan Stanley seems to confirm with its projections is that a drastic change is emerging in the global economic landscape. The BRICS seem more than determined to drive this change.
It remains to defeat the demon of disagreement which seems to reign supreme within them. Recently, we reported to you that India was emerging as the determining pivot for the possible emergence of a BRICS currency. This subject, of which options in gold, but also in crypto, have been raised, should be hotly discussed at the next Alliance summit.
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