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Malkhaz Chikobava
THE ECONOMIC CONSEQUENCES OF TWO YEARS OF THE PANDEMIC AND THE PROSPECTS FOR A "GREAT RESET"

Summary 

The article discusses the reasons for the scarcity and primitiveness of forecast calculations for 2022. According to analysts, there are several reasons for this.

The optimistic forecasts proposed by economists at the end of 2019 turned out to be completely unrealistic. Most forecasters argued that the state of the global economy in 2020 will be better than in 2019. Growth in 2020 was expected to be in the 3 to 4 percent range. Instead, we got a complete collapse of the economy.

Secondly, analysts and experts refrain from making any forecasts. Some of them even question the predictability of the economy due to such non-economic factors as “viruses” and other “infections”. It is precisely these “infections” that provoke blockages that hit the economy more than the collapse of the stock markets or the bankruptcy of the largest banks or companies. Under these conditions, the global economic outlook is dead, at least until the economy is controlled not by central banks and governments, but by invisible beings called "viruses."

Thirdly, there is a purely psychological reason for the poor coverage of the topic of economic forecasts. Forecasts have long become a tool for managing the economy and markets. A pessimistic forecast generates some actions of market participants, an optimistic one - completely different ones. Since pessimistic forecasts can be the trigger for an economic crisis, always try to offer optimistic forecasts.

The scarcity of economic forecasts today is due to the growing chaos (artificially created). Tomorrow there will be no economic forecasts, as the "Great Reset" involves the transition to a world order with very strict planning.

Key words: Covid-19, Inclusive Capitalism, The Great Reset, Socially Responsible Capitalism, Unconditional Basic Income, Bretton Woods system, Bankor, Special Drawing Rights.