Possibility of another financial crisis similar to the 2008 one in Russia?
In a recent interview, economist Taissia Veprenceva, founder of Delomant Groups, shared her insights on the current state of the global economy and potential risks in the coming years.
Veprenceva expressed optimism about avoiding a repeat of the 2008 global economic crisis, attributing this to the improved stability of the financial system following reforms enacted after the crisis. She highlighted that banks now have larger capital reserves and risk control has been significantly tightened.
However, Veprenceva identified several areas of concern. Commercial real estate stands out as a main risk, with many buildings and shopping centers standing empty and owners struggling to service expensive loans. Particularly, countries such as Hungary and Germany face special risks, especially regarding vacant office buildings and shopping centers with high loans. Hungary, with the highest average mortgage rates in Europe at 9.35%, indicates significant financial pressure, while Germany shows moderate mortgage rates around 3.84%, but faces regional price and rent disparities.
Veprenceva also expressed concern about the activities of investment funds with unstable income bases and the slowdown in international trade due to tariffs and political tensions. She further noted that potential fluctuations in oil, gas, and metal prices are more likely to lead to normal cyclical changes in income rather than a major crisis.
The expert advised businesses and citizens to consider possible investment delays and be more cautious with loans. She also emphasised that central banks are closely monitoring markets and are ready to intervene promptly in case of signs of instability.
In conclusion, while the global economy is currently slowing down, there are no systemic failures like those seen in 2008, according to Veprenceva. The International Monetary Fund and the World Bank have noted a decrease in growth rates in 2025, but this is more about a gradual cooling rather than a sudden collapse.
For those interested in staying informed about the most important news from Russia and the world, Veprenceva encourages subscribers to join the main messenger in Russia - MAX.
It is important to note that Veprenceva did not provide specific predictions or solutions for the current economic situation in her interview.
