The global economy in 5 years
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.
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 â 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!