The creator of Microsoft, since the start of the pandemic, has been very active in commenting on the evolution of covid-19. Now, Bill Gates has issued a warning about the future of the economy around the world. The billionaire predicts that if interest rates and inflation continue to rise, there will be a global economic slowdown due to Russia’s invasion of Ukraine and the consequences of the pandemic of covid-19.
“I’m afraid the bears have a pretty strong argument that I’m very concerned about”Gates said in statements to the CNN. The bears are those who are somewhat bearish on the stock market.
Gates also considers that the war in Ukraine has increased the prices of raw materials, something that “comes on top of the pandemic, where the debt levels of the governments were already very high and had already caused problems in the supply chains.
Regarding the risk of a global economic slowdown and the attitude of certain experts, the tycoon assured in a recent interview, “the pessimists have a pretty strong argument that worries me a lot. You can only be optimistic in the long term if you are pessimistic enough to survive in the short term.”.
Finally, Bill Gates also focused on less developed countries. He indicated that the problems in the great powers will trigger these countries to remain even more isolated in the background and serious budget problems will arise.
It all boils down to the following problems: war in ukraine, food shortages, covid-19 and inflation. With these circumstances, the economic scenario on a global scale is becoming increasingly complicated by the moment. Something that could be accentuated especially after the summer season, as the founder of Microsoft has indicated in numerous interviews.
Bill Gates’ latest prediction about covid-19 and vaccines
In mid-May, gates spoke at the second Global Summit on this disease, held in the United States. Bill Gates warned about the dangers of covid although he also promised that he would make a millionaire donation to continue scientific research.
“The pandemic is not over yet. That point was made even clearer to me this week when I tested positive for covid. The good news is that we know how to prevent the next“, Gates assured. In addition, he stressed that thanks to the experience gained by the health emergency, the world would have new tools to face a new pandemic. The tycoon also expressed the need for a group of experts to be created worldwide to analyze future threats to humanity.
“We have to develop treatments, tests and vaccines much faster than we did with covid. We need to keep fighting other endemic infectious diseases, which is also a good way to fight emerging diseases,” Gates said.
Lastly, he indicated that he was optimistic about the possible results of the efforts that were being made throughout the world to fight the coronavirus.
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Bill Gates, creator of Microsoft, launches a prediction about the crisis that comes after summer: “It worries”