Under Current Conditions Global Inflation Will Stay High in the Next Five Years, – Bakhmatyuk

Oleg Bakhmatyuk spoke about it in an interview with Dmitry Gordon, "Censor.net" reports. He said that $40 trillion has been pumped into the global economy since the beginning of the pandemic, using both direct and indirect instruments: "Direct instruments have been used to inject $3 trillion first in the United States, then another $2 trillion. In the European Union, we have 1 trillion in bond buybacks, 1 trillion for support, and 800 billion for long-term lending. In other words, they are pouring money into the system as a solution to a temporary problem. But what is paradoxical? This 40 trillion has been poured into economies that account for 45 per cent of the global economy. That is, they have effectively doubled their GDP."

He believes that under these conditions, we will face global inflation in the next 5 years: "What cost a dollar yesterday will cost three tomorrow. First of all, it will affect raw materials. Real estate will not rise in price because it has shrunk in the segment, because all the infrastructure services: global flights, hotels, restaurants — they will fall, then recover. It is clear that you can invest by riding the trend for 10 years, but now raw materials will take over."

Bakhmatyuk says that this also opens up opportunities for Ukraine, which is an exporter of raw materials, both agricultural and metallurgical: "Ukraine is now on trend. But it is not selling itself. It is holding back. We live by some rules. We have gurus who destroy everything Ukrainian and tell us that we have to live by the rules of an economic reality from 10 years ago, when we had access to resources, when the economy was completely different."