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Monday, May 23, 2022
HomeEconomyBill Gates explained the impact of the Ukrainian crisis on the economy

Bill Gates explained the impact of the Ukrainian crisis on the economy

Billionaire Bill Gates predicted a global economic slowdown due to Ukraine

Businessman and one of the founders of Microsoft Bill Gates said that the crisis in Ukraine will cause a global economic slowdown, writes Bloomberg with reference to CNN.

The billionaire specified that the situation in Ukraine, which caused a sharp increase in the prices of raw materials, “added to the pandemic, when the level of public debt was already very high and there were some problems in the supply chain”. He gave forecasts about the state of the world economy in the near future.

“Many countries including the US, UK and India have started raising interest rates to try to reduce inflation. Ultimately, this will lead to a slowdown in economic growth,” Gates explained about the impact of the Ukraine crisis on the economy.

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Gates previously wrote a book called How to Prevent the Next Pandemic. In his book, the businessman described the steps through which similar global events can be avoided in the future and provide better medical care to all people on the planet.


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