As I have already mentioned, we must all remember that a recession in the world economy is likely to be inevitable and we must be prepared for it. A recession, of course, if it happens, will primarily affect the price of oil. Therefore, the price of oil should be chosen correctly in the next year's budget. We will talk about it later, there is time. But of course we should follow the processes going on in the world. Because Azerbaijan is a part of the world economy, said President Ilham Aliyev as he made a speech at a meeting dedicated to the results of the first six months of this year, APA reports.