How bad will the crisis be for the global economy?



A storm through the world economy

There is talk of a “perfect storm”. This is how the US economist Kenneth Rogoff describes the danger of a simultaneous recession in Europe, China and the USA.

  • After the corona pandemic, the war in Ukraine is now further weakening the global economy. Some see the end of globalization as imminent, others just a new phase. One thing is clear: the world economy will reorganize itself.
  • After years of debt policy, interest rates are now rising and there is not enough money to invest in new growth. German companies are also feeling the effects.
  • In the interview she explains Economist Mariana Mazzucato why the state despite high inflation should now spend more money and for what.

He steps with heavy step and obviously heavy heart 91-year-old hedge fund investor and Holocaust survivor George Soros to the lectern on Tuesday evening at the World Economic Forum in Davos. The man who has been warning of the threat to democracy for years has been caught up, even overtaken, by his own gloomy forecasts. “The world has changed dramatically since we last met in Davos,” says soros.

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