The Slovenia Times

Slovenian business might feel oil crisis indirectly, GZS says


Low oil prices are good for developed economies, but the extreme drops recently witnessed on global markets may cause a shock in the global financial system and cause social and political risks in Brazil, Russia and South Africa, GZS analysts say.

Slovenia is not significantly exposed in terms of trade toward countries prone to an oil crisis, but this does not mean the country's exporters would not feel it indirectly, GZS analysts say in a press release.

The list of potential risks includes China, as the country might decide for a sudden depreciation of its currency, which other Asian countries could follow.

Financial markets are nervous also due to the decision by the US central bank to raise interest rates. This in turn strengthens the dollar, making loans more expensive, the analysts also said in the press release.


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