#MarketDownturn

Aiss continued in a statement to Hespress: “The reason is basically due to the abnormal and significant inflation that we have witnessed in recent months during the evaluation of the shares of giant technology companies and digital economy players.. and we are currently witnessing re-evaluation and rearrangement of their real value in the markets and stock exchanges.”

The same financial analyst explained that “the possibility of stronger repercussions of this tremor will be experienced by the global economy in the coming days and weeks amid serious growing concerns about the recession of the American economy after a jobs report issued at the end of last week.”

He added, commenting to Hespress: “Everything we notice in terms of the decline in digital economy shares and the value of global currencies makes us face the availability of indicators of a crisis that are available; but have not been announced yet,” stressing that it is “a recession crisis that is very similar to the contexts of 2008; but not with the same reasons and conditions.”

Regarding the expected impact, Tayeb Aiss confirmed that they are “successive collapses of traditional and crypto-asset financial markets, putting us in front of a shock wave with limited impact,” noting that “if the region ignites through a regional conflict, the repercussions will worsen in terms of their repercussions on economic markets.”