We all know and we all feel the effects of the economic crisis that the world is facing today. Most of us are doing our best to weather it until things turn for the better. I don’t need to guess that all of us are hoping that things will get better soon. But, what if someone tells you that this economic downturn will be going on for four long years?! And that it could take that long for businesses to regain their losses. That’s according to one of the richest men in the world, Bill Gates, when he spoke at the World Economic Forum the past week. Where he based his statement we don’t know. There’s nothing like a statement like this to burst one’s bubble of hope, right?

Since it could take that long for the world economy to regain strength Gates also said that it is up to philanthropists like him to push governments, individuals, and firms to give help to those in need. Especially for the poor people who barely have enough food to eat these days. Even the Bill and Melinda Gates Foundation have not been safe from the crisis. It already lost one fifth of its value that is why Bill Gates was promoting it at the Forum.

Do you believe this economic downturn could last four years?