Opinion: Over Time, the US Share in the Global Economy is Declining

Jeffrey Sachs, an economics professor at Columbia University, recently stated in an interview that over time, the US share in the global economy is declining, and the dollar will no longer be the world's primary currency, which is inevitable. The weaponization of the dollar forces other countries to abandon dollar settlements. Sachs said that the US has weaponized the dollar, frequently using its dominant position to threaten other countries and disrupt trade, which will force other countries to gradually abandon settling international trade in dollars and turn to other currencies. Sachs also predicted that in 10 years, the role of the dollar will be completely incomparable to its current position.