Among the forecasts is a ban on meat and a rise in the price of gold.
Danish investment Saxo Bank has published its traditional “shocking” forecasts for 2023. The bank believes that the world will move to a war economy next year, when “sovereign economic benefits and self-confidence will surpass globalization.”
“Gone are the days when low interest rates could fuel dreams of a harmonious world built on renewable energy, equality and independent central banks… Our shocking predictions for 2023 show how countries' focus on self-assertion will affect the global economy and political agenda” , – the message says.
Read also: Maneuvering war: ISW made a forecast for winter
The bank publishes such forecasts every year. They note that these forecasts should be treated as an experiment with consideration of all possible options, even unrealistic ones.
“Shocking forecasts” for 2023
< p>New “Manhattan Project”
Due to the growing global need for electricity, the world's richest people will form a consortium and launch a scientific project on a scale the world has not seen since the Manhattan Project allowed the United States to create the first nuclear bomb.
Emmanuel Macron Resignation
The political situation in France and the rising popularity of Marine Le Pen will drive Macron to a dead end, forcing him to resign and leave politics.
Gold is soaring >
The price of gold will jump to $3,000 when markets and central banks realize that the idea that inflation is temporary is untenable and prices will remain high for a long time.
Building an EU army
The European Union will decide to create its own armed forces, which will bring the entire region even closer. This will happen because of the ongoing problems in the region and the fact that the US military is no longer able to fulfill its past role as the “global policeman”.
Ban meat production by 2030< /p>
In an effort to become one of the leaders on the way to zero emissions, one country will decide not only to introduce high taxes on meat, but also to completely ban its production by the end of the decade.
Referendum to cancel Brexit
strong>
Following recession and internal pressures, Britain will plunge into a political crisis that will end in a referendum on canceling Brexit.
Wide-scale price controls to curb inflation
History shows that with a war economy comes price controls. This time will not be an exception. Policymakers will impose strict price controls to curb inflation, leading to a number of unintended consequences.
OPEC+ and China to withdraw from the IMF
Sanctions against Russia will to riots in countries that do not consider the US their ally due to the change in the dollar exchange rate. As a result, these countries will withdraw from the IMF and create a new reserve asset.
The yen will be pegged to the dollar
After the problems faced by the Japanese yen in 2022, the Bank of Japan will decide to peg its exchange rate to the dollar. This will not lead to success in the long term, because of which the country will restart the entire financial system.
Offshore ban will “kill” private business
Related video
From with the advent of the military economy, special attention is paid to national interests. The countries of the Organization for Economic Cooperation and Development will decide to return money from tax havens and ban offshore.
