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WASHINGTON (Sputnik) - US investment guru Jim Rogers told Sputnik that the world should brace for serious economic challenges in the next two-three years, which will likely become the "worst in his lifetime."
When asked about his forecast for the year of 2023, Rogers stated, "You should be worried."
"There's going to be a period of good, something will cause optimism to return," Rogers said. "After the optimism, you should be extremely worried because we're going to have economic problems again sometime in the next two or three years and they will probably be the worst in my lifetime because there's so much debt. So much debt worldwide has built up since 2009. So the next time we have a problem, it's going to be very very bad. So, be worried."
Global growth is forecast to slow from 6% in 2021 to 3.2% in 2022 and 2.7% in 2023, the International Monetary Fund said in an outlook released in October. The IMF said this is the weakest growth profile since 2001 except for the global financial crisis and the acute phase of the COVID-19 pandemic.
Rogers, the creator of the Rogers International Commodity Index (RICI), co-founded the world-renowned Quantum Fund and is currently the chairman of Rogers Holdings and Beeland Interests.
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- By Gus Leonisky at 13 Dec 2022 - 4:39am
- Gus Leonisky's blog
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EU countries have been ramping up imports of Russian goods this year despite the numerous rounds of sanctions the bloc has introduced against Moscow, President Vladimir Putin said on Thursday.
During his meeting with the Council for Strategic Development and National Projects, Putin argued that the EU continues to consume Russian goods, but holds back on supplying its own products to Russia. According to the president, this situation “cannot continue indefinitely” so Russia will be looking for new partners.
“It’s interesting to observe that, despite the sanctions, over the first nine months of this year, deliveries of basic goods to the EU increased by 1.5 times. As a whole, exports increased by 42%, while the trade surplus was up 2.3 times, to $138 billion,” Putin said.
The Russian leader also detailed the country’s overall grain exports, predicting they will amount to about 50 million tons in 2022. Russia plans to supply another 4-5 million tons of grain by the end of the year, he said, noting that exports of mineral fertilizers have already exceeded 25 million tons.
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https://www.rt.com/business/568297-eu-russia-goods-sanctions-putin/
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