Bill Gates says there’s a ‘strong argument’ we’re about to see a global economic slowdown – #marketnews

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https://www.businessinsider.com/bill-gates-strong-argument-economic-slowdown-inflation-ukraine-pandemic-recession-2022-5

When it comes to the fate of the global economy, Bill Gates is siding with the bears.

In an interview with CNN Sunday, Gates was asked how he sees the war in Ukraine affecting the global economy over the next few years.

He said: "It comes on top of the pandemic where government debt levels were already very, very high, and there were already supply chain problems. It's likely to accelerate the inflationary problems that rich world economies have and force an increase in interest rates that eventually will result in an economic slowdown."

He added: "I'm afraid the bears on this one have a pretty strong argument that concerns me a lot."

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