Reducing gas prices will not solve the problems of the global economy. Opinion

13.05.2023, EU.

The expected drop in global gas prices gives no reason to be optimistic, as it is caused by the winding down of energy-intensive industries and a general slowdown in the economy, according to a summary from the war theater in the Essence of Time newspaper No. 532.

The World Bank predicted a 26% decline in energy prices in the world in 2023. The organization’s report notes that the drop in gas prices in Europe will be due to lower demand and full storage capacity.

The decline in demand for natural gas is clearly caused by the winding down of energy-intensive industries and a general slowdown in the economy. So there is little reason for optimism so far,” reads the editorial commentary of the Essence of Time newspaper.

Source: Rossa Primavera News Agency