Tycoon Bill Gates talks about the looming global economic crisis

Businessman Bill Gates predicts that the inflationary problems of rich countries will accelerate

The American billionaire Bill Gates was one of the great protagonists during covid for their recommendations when talking about the disease. Recently, he has predicted a deadliest pandemic and that “it could be the end of society”.

The co-founder of Microsoft also has referenced now during your speeches to the global economic crisis that is approaching as a result of the war in Ukraine and its effects, such as the increase in inflation, gas and electricity prices or the increase in the cost of consumer products.

In this sense, during an interview on a program on the CNN network, the philanthropist argued that the economic context at the moment, added to the coronavirus health crisis, will have economic repercussions because “government debt levels were already very , very high, and there were already problems in the supply chain“.

Accelerating inflation problems

The businessman believes that these effects will cause the planet to suffer an economic slowdown in the future. “It is likely that accelerate inflationary problems What do the economies have? from the rich worldand that forces an increase in interest rates that ends up causing an economic slowdown,” he warned.

“I’m afraid the pessimists have a pretty strong argument that worries me a lot,” he said. Therefore, he has released advice to be prepared for this possible situation: “You can only be optimistic in the long term if you are pessimistic enough to survive in the short term.”

It would be about save like a pessimisthaving a good economic mattress, and “invest optimistically”Gates concludes.

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Tycoon Bill Gates talks about the looming global economic crisis