Bill Gates said that due to the impact of the conflict between Russia and Ukraine and the new crown pandemic, interest rates may rise enough to cause a global economic slowdown. "There is a very strong argument in support of the world economy turning into a bear, which worries me," Gates said on Sunday
The billionaire philanthropist and Microsoft co-founder said that the situation in Ukraine, which led to the surge in commodity prices, occurred after the new crown pandemic. The U.S. government debt level is already very high, and there are already some supply chain problems.
Many countries, including the United States, Britain and India, have begun to raise interest rates in an attempt to curb inflation, which gates believes "will eventually lead to an economic slowdown". At present, Bill Gates is worth $123 billion, ranking fourth among the world's billionaires.
Last month, the International Monetary Fund lowered its world economic growth forecast by the largest margin since the first few months of the pandemic, and inflation is expected to accelerate further due to the situation in Ukraine and strong expectations of a US recession.