The year 2024 saw the global economy stabilize after the COVID-19 pandemic, but growth in many countries lagged pre-2020 levels. Economic issues, particularly rising living costs, were a top concern for voters around the world. Governments grappled with regulating potentially transformational technology like artificial intelligence, and Donald Trump’s victory in the US presidential election heralded a sharp turn towards protectionism.
Forecast for 6 months: In the next 6 months, we can expect to see a surge in protectionist policies, with Trump’s administration imposing tariffs on Chinese goods and other imports. This may lead to a short-term increase in inflation and a decline in international trade. Additionally, the price of Bitcoin may continue to rise as Trump’s administration becomes more supportive of digital currencies.
Forecast for 1 year: In the next year, we can expect to see a significant shift in the global economy, with the US turning increasingly protectionist and China’s economy continuing to struggle. The price of Bitcoin may reach new highs, and the use of artificial intelligence may become more widespread. However, the global economy may also face challenges, including a potential recession and a decline in international trade.
Forecast for 5 years: In the next 5 years, we can expect to see a fundamental transformation of the global economy, with the rise of protectionism and the decline of international trade. The use of artificial intelligence may become ubiquitous, and the price of Bitcoin may reach new heights. However, the global economy may also face significant challenges, including a potential recession and a decline in living standards.
Forecast for 10 years: In the next 10 years, we can expect to see a world where protectionism has become the norm, and international trade has declined significantly. The use of artificial intelligence may have become so widespread that it has transformed the nature of work and society. The price of Bitcoin may have reached new heights, and the global economy may have become increasingly decentralized. However, the global economy may also face significant challenges, including a potential collapse of the global financial system and a decline in living standards.
