“There are growing indicators that the worldwide economic system is fragmenting into competing blocs,” she stated on the European Banking Congress, in accordance with a transcript.

Specializing in Europe, she stated {that a} steady decline within the inhabitants of working age appears to be like set to begin as early as 2025, alongside local weather disasters which are growing yearly.

Her reply to those shocks was that large funding can be wanted in a brief area of time, requiring what she known as a “generational effort.”

“As our societies age, we might want to deploy new applied sciences in order that we are able to produce larger output with fewer employees. Digitalization will assist. And as our local weather warms, we might want to advance the inexperienced transition with none additional delays.”