The global economy may already be in a crisis, although it has not been officially announced. Experts warn: alarming signals in the markets are multiplying, but society continues to live as if nothing is happening.
Crisis processes may already be unfolding in the global economy, but they have not yet received official recognition. This opinion was expressed by Liga Lejtane, a lecturer at the Faculty of Economics and Social Sciences at the University of Latvia.
According to her, if we carefully analyze the dynamics of stock markets over a longer period, we can see distinct alarming trends. "If we look at what is happening on the exchanges and in the stock markets in the long term, we actually see trends indicating a crisis; it just hasn't been declared, as it was in 2008–2009," the specialist noted.
The economist emphasized that a whole range of factors indicates the beginning of crisis processes. Among them are "turbulence in the stock markets, changes in supply and demand, as well as many other conflicting processes."
At the same time, in Lejtane's opinion, society and, to a certain extent, state institutions prefer to ignore what is happening. "Right now, we are trying to pretend that everything is fine in the world, but in reality, there are so many shocks that it already makes you think: we are in a crisis situation," she explained.
The expert added that a key feature of the current moment is the lack of direct recognition of the problem. "We just don't call it a crisis yet, we don't speak about it out loud, and we continue to live by calm principles," Lejtane said.
At the same time, as she noted, certain signals are already coming from the state. "The government is already starting to express how to act in a crisis situation," the economist emphasized. Thus, in the specialist's assessment, the current situation may resemble a "hidden phase" of the crisis - a period when key signs are already evident, but there is no official recognition and corresponding reaction yet.
