The global economy in 5 years

by | Mar 10, 2023 | essay

Thinking about Inside Job, the pandemic, and the economic collapse that came from it. Are you hopeful for the current state of the global economy in 5 years? In 15? Justify your answer with reasoning and examples.

Sample Solution

In the wake of the pandemic, it is difficult to be hopeful for the current state of the global economy in five years. While there have been some signs of recovery in certain sectors, such as technology and e-commerce, experts are predicting that full economic recovery will take much longer than anticipated due to ongoing health risks and continued economic uncertainty. Additionally, countries are struggling with unprecedented levels of debt due to government stimulus packages which could further delay any real progress being made.

Sample Solution

In the wake of the pandemic, it is difficult to be hopeful for the current state of the global economy in five years. While there have been some signs of recovery in certain sectors, such as technology and e-commerce, experts are predicting that full economic recovery will take much longer than anticipated due to ongoing health risks and continued economic uncertainty. Additionally, countries are struggling with unprecedented levels of debt due to government stimulus packages which could further delay any real progress being made.

In light of these issues, I am not optimistic about a dramatic turnaround within just five years. However, I do believe that given sufficient time (15-20 years) economies across the world will eventually begin to bounce back from this crisis as long as governments continue to support businesses and invest in infrastructure projects that encourage economic growth both locally and globally. We must also acknowledge how digital transformation has enabled businesses in various industries to remain competitive despite disruptions caused by COVID-19 – something which was completely inconceivable pre-pandemic! Therefore if governments focus on driving innovation through initiatives such as AI/machine learning research & development then we may begin seeing more positive effects on our collective GDPs over time.

Ultimately while Inside Job serves as a reminder of how devastating unchecked greed can be when left unchecked; it is also an important reminder that no matter what happens our economies still have potential for growth and resilience if we take steps towards ensuring their sustainability now and into the future. With careful planning & investment decisions I am confident that 15 years down the line we should see a more secure financial landscape overall!

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