Economy

Sudden collapse of the global economy…..?

Sudden collapse of the global economy….

The massive collapse of the global economy is the latest prophecy of Jeremy Grantham, the legendary British investor. In his conversation with Bloomberg.

Jeremy Grantham has expressed the view that the world needs to prepare for a slowdown in economic growth, a jump in inflation and a severe labor shortage.

“There is only a limited amount of cheap oil, cheap nickel, and cheap copper, and we are starting to approach some of those limits,” said Grantham, who previously predicted the collapse of the Internet and the global economic crisis.

In his opinion, climate change, accompanied by severe floods, droughts and extreme temperatures, will undermine agriculture.

Those born in 1946 and 1964 are retiring, birth rates are falling, and geopolitical tensions are rising.

According to the expert, it will take decades to make up for the losses.

The expert summed up the pessimistic conclusion, “If we think it can be tolerated for 10, 20, or even 30 years, we are in God’s hands.”

 

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