Bill Gates warned of a new global economic crisis: what would be the consequences?

Bill Gates warned of a new global economic crisis: what would be the consequences?

The co-founder of Microsoft, and who years ago warned of the possible arrival of a virus that would affect the entire world population, has been one of the protagonists during the coronavirus health crisis for their recommendations when talking about the pandemic.

Bill Gates stated in 2015 that the world “was not ready for the next pandemic” and that viruses represent the “greatest risk of global catastrophe” in relation to other threats to humanity. It was so only 4 years later Covid-19 arrived and unleashed all kinds of economic consequences.

I was one of the many people who said that we were not ready and that we had to be ready. We did not. The speech was actually seen by a lot of people, but 90% of the views were after it was already late,” said the businessman.

In the interview with CNN, Bill Gates explained that the current economic context, added to the coronavirus health crisiswill have economic repercussions, because “government debt levels were already very, very high, and there were already problems in the supply chain.”

“I’m afraid 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.” Bill Gates.

About, Microsoft’s flagship man recommended having a good financial cushion and “investing optimistically.”

The new crisis, according to Bill Gates, will cause a slowdown in the economy in the future. “It is likely to accelerate the inflationary problems that the economies of a rich world have and force an increase in interest rates that ends up causing an economic slowdown,” he said.

Source: Ambito

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