Saxo Bank has published 10 more shocking predictions for the coming 2024. They are officially published Web site jar.
Denmark’s Saxo Bank prepares “shocking predictions” for the global economy every year. In previous years, bank employees reported that the world was facing a revolution, predicted inflation would be 15 percent in the United States, and also predicted the resignation of French President Emmanuel Macron due to opposition.
Saxo Bank Investment Director Steen Jacobsen stated that the main theme of the bank’s forecasts this year is “The End of the Road” and said that the smooth road after the 2008 global crisis has ended and the world is now deprived of stability, low inflation and key elements. rates and the world is now heading towards a very dangerous and uncertain future. The bank identified the 10 most dangerous scenarios that could occur next year for the global economy.
The embargo on oil supply from Russia and increased demand will cause oil prices to jump to $150 per barrel by mid-2024. This will allow Saudi Arabia’s royal family to realize their long-held dream of purchasing the rights to host the UEFA Champions League and turning it into the FIFA World Champions League.
Another negative prediction, according to Saxo Bank, may be the victory of Robert Kennedy Jr. in the US presidential elections to be held in November 2024. If this happens, it would be the first victory for a non-partisan candidate. At the same time, according to projections, he could take 38% of the vote and pull away from the main candidates of the Republican and Democratic parties. The result of Kennedy Jr.’s victory may be the first coalition government in US history, as well as the fight against monopoly in the medical, defense and internet segment, which will lead to a revaluation of the value of giant companies.
Another negative prediction was the decline of capitalism in the United States. Researchers suggest that, faced with rising budget costs, the US government will implement tax incentives to attract investment in Treasuries in 2024. Inflation and geopolitical instability are forcing financial conditions to tighten.
“This dramatic move signals the end of capitalism, as money shifts from private companies to the state and risky assets become increasingly expensive to own,” the researchers wrote.
Additionally, humanity may face two global crises in 2024; The cause of the first case will be artificial intelligence that discredited a major official in one of the key countries of the world using deepfake, in response, governments will implement strict restrictions on the spread of this technology worldwide, which will harshly affect technology venture capital financing.
In the second case, the crisis will be caused by obesity. This is because people can easily start losing weight with the help of pharmacology, and as a result, humanity can abandon physical activity, which will ultimately lead to weakening of health and productivity, which will already affect the whole world. causes the economy to slow down.
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Analysts had previously predicted raised Russia’s foreign exchange demand until mid-December.