- Russia's attacks against Ukraine will have "enormous economic repercussions for the world."
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| Bill Gates, during a talk about his book 'How to avoid the next pandemic'. |
The billionaire and philanthropist Bill Gates has been one of the voices that came forward at the time when talking about pandemics before the arrival of the coronavirus. Since then, the focus has been on his warnings about what is to come, whether they are sanitary or of any other nature. Specifically, the co-founder of Microsoft has referred to the global economic crisis that is looming after the outbreak of the war in Ukraine, the increase in energy prices, and the rise in food prices.
In an interview on CNN, Gates explained that this current economic situation is on top of the already existing pandemic, "in which government debt levels were already very, very high, and there were already problems in the supply chain. ".
According to Gates, "it is likely to accelerate the inflationary problems that the economies of the rich world have, and to force an increase in interest rates that ends up causing an economic slowdown," he warned.
His words also coincide with the statements of other US leaders, such as Treasury Secretary Janet Yellen, who assured in April that Russia's attacks against Ukraine will have "enormous economic repercussions for the world."
In this case, Gates continued, "I'm afraid the pessimists have a pretty strong argument that worries me a lot," he said.
Given this situation, the billionaire has released advice on how to be prepared, also based on his own experience at the helm of Microsoft: "You can only be optimistic in the long term if you are pessimistic enough to survive in the short term," he said.
It would be about saving like a pessimist, having a good financial cushion, and "investing optimistically," Gates concludes.