Gates sees no economic recovery this year

At the World Economic Forum in New York, Microsoft Chairman Bill Gates told political and business leaders that he doesn’t expect any economic recovery in 2002. “I don’t see any big uptick in this year,” Gates said, according to Reuters. “Japan certainly won’t be, and the U.S. won’t be. Europe may be a little more positive.” Gates further criticized companies who have not adapted their strategies to accommodate the economy.

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