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.
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.
*The article has been translated based on the content of lenta.ru. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!