Yes. If you think about it in the long term, you will see that the world economy is collapsing like the oil spill in the Middle East. things could be worse than imagined if the current low oil prices continue or fall even further in the next few months or a year.

The ongoing fighting in eastern Ukraine, together with the diplomatic sanctions that Russia faces from most western countries, could indeed seriously affect economic growth around the world. This however has negative and positive effects also on the economy. But new markets are opening up because other countries are taking over the work of Russia.