Latest topics
» Frugals call upon the Higher Aware, and are rebuked
IMF officially declares global economic recession  EmptyToday at 4:29 pm by PurpleSkyz

» Help Dave Schmidt in Prison ! Send ALL Meta 1 Coin scammers to prison!
IMF officially declares global economic recession  EmptyToday at 1:18 pm by Carl Spackler

» Dave Schmidt Meta 1 coin- IN PRISON!!!!
IMF officially declares global economic recession  EmptyToday at 1:17 pm by PurpleSkyz

» 5 Suns Appear in the Sky Over Ivory Coast, Africa
IMF officially declares global economic recession  EmptyToday at 10:38 am by PurpleSkyz

» Dark Journalist X-90: MKULTRA Assassins The RFK Truth Revealed After 52 Years! Sirhan and Cesar!
IMF officially declares global economic recession  EmptyToday at 10:25 am by PurpleSkyz

» Nike Releases Commemorative Shoe To Honor Looters
IMF officially declares global economic recession  EmptyToday at 10:22 am by PurpleSkyz

» Without Relief, Millions of Tenants Ready for Rent Strike Revolution
IMF officially declares global economic recession  EmptyToday at 10:20 am by PurpleSkyz

» Lightning Strikes Washington Monument In DC During Protests
IMF officially declares global economic recession  EmptyToday at 10:16 am by PurpleSkyz

» 'Truth' with Robert F. Kennedy, Jr
IMF officially declares global economic recession  EmptyToday at 9:50 am by PurpleSkyz

» UFO News ~ UFOs Captured in Boston! plus MORE
IMF officially declares global economic recession  EmptyToday at 9:46 am by PurpleSkyz

» Arietid Meteor Shower - Strongest Daylight Meteor Shower of the Year Peaks Before Dawn on June 7
IMF officially declares global economic recession  EmptyToday at 9:42 am by PurpleSkyz

» They looked like a FLEET of SHIPS in the Sky...Who Are They?
IMF officially declares global economic recession  EmptyToday at 9:35 am by PurpleSkyz

» ITNJ - Corona Emergency Hearing 6: Andrew Wakefield & Dr. Sherri Tenpenny
IMF officially declares global economic recession  EmptyToday at 9:31 am by PurpleSkyz

» JailBird Dave Schmidt (Meta 1 Coin Scam) Robert Dunlap Says The SEC IS Harassing Them - Newsletter! (LMAO!!!)
IMF officially declares global economic recession  EmptyToday at 9:27 am by PurpleSkyz

» Dave Schmidt / Robert Dunlap (Meta 1 Coin Scam) Private Meeting May 28 2020
IMF officially declares global economic recession  EmptyToday at 9:26 am by PurpleSkyz

» Dave Schmidt Upcoming "Workshop" On The Currency Exchange! - Happening Now
IMF officially declares global economic recession  EmptyToday at 7:55 am by Carl Spackler

» Dave ScHmIdT (Meta1Coin) sure does like to "remind" Judge Pitman of who he is!
IMF officially declares global economic recession  EmptyYesterday at 10:15 pm by PurpleSkyz

» POOPness for JUN 5: FINAL CLEARANCE SO SEND ME MONEY YOU DUMBASS DONORS!!
IMF officially declares global economic recession  EmptyYesterday at 7:34 pm by PurpleSkyz

» Don't Miss Out: Strawberry Moon Eclipse On June 5, 2020
IMF officially declares global economic recession  EmptyYesterday at 7:25 pm by PurpleSkyz

» Why People Laugh At New Agers - P1
IMF officially declares global economic recession  EmptyYesterday at 3:13 pm by PurpleSkyz







***********

CLICK THE SUBSCRIBE BUTTON BELOW TO RECEIVE OUR DAILY NEWSLETTER

A 2ND EMAIL COMPLETES THE ACTIVATION PROCESS




CLICK THE PURPLE BUTTON TO VIEW OUR LATEST POSTS







You are not connected. Please login or register

OUT OF MIND » THE INSANITY OF REALITY » GLOBAL FINANCIAL COLLAPSE » IMF officially declares global economic recession

IMF officially declares global economic recession

Go down  Message [Page 1 of 1]

PurpleSkyz

PurpleSkyz
Admin
IMF officially declares global economic recession  Crisis

IMF officially declares global economic recession



IMF officially declares global economic recession  Xjulius.png.pagespeed.ic.uDEe5VMLRB By
Julius Bizimungu
 Published : March 27, 2020 | Updated : March 28, 2020  


The International Monetary Fund (IMF) Friday officially declared  that the global economy has entered recession as a result of the spread of the new coronavirus, which has shut down economic activities across the world.
IMF’s Managing Director, Kristalina Georgieva, said they have reassessed the prospect for growth for 2020 and 2021.
“It is now clear that we have entered a recession – as bad as or worse than in 2009,” she said in a news briefing on Friday.
She suggested that the global economy would only recover if countries succeed in containing the virus.
According to Georgieva, a key concern about a long- lasting impact of the sudden stop of the world economy is the risk of a wave of bankruptcies and layoffs.

This, she said, not only can undermine the recovery but can erode the fabric of global societies.
The IMF and different economists across the world had already predicted that the COVID-19 driven economic recession was likely , and inevitable at the extreme.
What does it mean?
The IMF describes a global recession as a sustained period when economic output falls and unemployment rises.
It is simply an extended period of economic decline around the world.
While there’s no official definition of a recession, such economic decline should last more than a few months, normally visible in production, employment, real income, and other indicators.
The world had last experienced recession between 2008 and 2009, when countries like the United States and those in Europe experienced a rise in unemployment, company profits fell, financial markets tumbled, and the housing sector collapsed.
The IMF had recently advocated for waiving debts for the poorest countries but the G20 Leaders’ Summit which happened virtually on Thursday never resolved anything about this in their final declaration.
 
editor@newtimesrwanda.com


https://www.newtimes.co.rw/news/imf-officially-declares-global-economic-recession?fbclid=IwAR0t57hPs04y7DP0Gz1VbQB4nlIaGMltI-xRT8zzfaXOIrtFYpdttVx7jVE


Thanks to: https://www.newtimes.co.rw



  

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum