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Be careful, a global crisis is coming

By dailymail / Published on Thursday, 15 Jun 2017 14:57 PM / No Comments


Arnault, who is responsible for the world’s largest luxury goods company, couldn’t say whether the crash would be imminent or within the next few years, but he insisted that almost a decade on from the global financial crisis of 2008, one was due.

“There has not been a big crisis for almost ten years now and since I’ve had a business I have seen crises more than every ten years, so be careful.”

Longer term, however, Arnault said he was “optimistic”, pointing to advances in technology and innovation, which he said would stimulate the economy.

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