The cost of almost everything from food to fertilisers is soaring, causing consumers to spend less. As governments aim to bring down the cost of living, containing inflation without pushing economies into a slowdown is difficult.
Meanwhile, Russia’s war in Ukraine and pandemic disruptions continue to constrain supply chains, darkening the outlook for the months ahead.
So, should we be ready for a global recession?
Elsewhere, the UK government takes aim at expensive energy bills.
Can the $19bn aid package ease the squeeze on incomes?…(read more)
BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
The world economy is facing an uncertain future as the COVID-19 pandemic continues to spread around the world. Governments are struggling to balance the need to protect public health with the need to keep economies afloat. The World Bank has warned that a global recession is looming, but is it inevitable?
The World Bank predicts that global growth will drop to 2.5% in 2020, the lowest rate since the financial crisis of 2008. This is a downgrade from its earlier prediction of 2.9% in January 2020. It warns that there is a high risk of a deeper-than-expected downturn, and that the impact could be felt for years to come.
The pandemic has caused disruption across global supply chains, and has led to a decline in trade, as countries have shut their borders to try to contain the virus. The tourism industry has been hit particularly hard, with many hotels, airlines, and travel companies seeing significant drops in revenue.
Governments around the world have tried to mitigate the impact by injecting trillions of dollars into their economies. The US Congress recently passed a stimulus package worth $2 trillion, and other countries have announced similar measures. These included loans to businesses, tax breaks, and direct cash payments to individuals.
While these measures may provide some short-term relief, they won’t necessarily prevent a recession from taking hold. The pandemic is an external shock that has affected every part of the global economy. It’s not just about supply and demand; it’s about people’s ability to work and consume.
The main effects of the coronavirus are likely to be felt in developing countries. The World Bank warns that around 60 million people could be pushed into extreme poverty as a result of the pandemic. Many of these people work in informal sectors such as agriculture or construction, and are unlikely to have any social safety net to fall back on.
Although the World Bank’s warning of a global recession may seem dire, we should remember that there is a lot we still don’t know about the pandemic’s impact on economies. It’s possible that a vaccine or treatment could be developed sooner than expected, or that economic activity returns once the virus is brought under control.
However, it’s also possible that much of the damage has already been done. We’ve already seen widespread job losses and business closures, and there is likely to be more pain to come. It’s vital that governments continue to support their economies, particularly those most vulnerable to the pandemic’s economic impact.
In conclusion, a global recession may be looming, but it’s not inevitable. It’s up to governments and policymakers to take decisive action to mitigate the impact of the pandemic on economies around the world. With careful planning and co-operation, we can weather this crisis and emerge stronger on the other side.
So when native people were left behind n no one complained now everyone will be a native lol
Wow wow good business okay Happy investment okay Democracy yes TNX GOOD Democratic okay TNX GOOD Family First good business ok Thanks Happy Pakistan good Family First Dmacrsiy okay yes TNX yes brother and sister TNX Pakistan good Family yes okay Happy
Given the situation, I think I should view a video on "How to survive the present recession." In reality, it's a total failure. I was amazed that some people could still make more than $408k in a short amount of time. If that's still the situation, could you kindly explain?
the world bank ? they have no money. show me the world banks gold ? its all globalist BS.
Our time had reached its zenith, and it is now over. Everything not just FTX, Stock including 401Ks, are suffering from the recession and crashes. My $750K retirement equity portfolio is losing money. Because of inflation, I keep losing. Similar to how Rome fell under its despotic emperors, this world will also. I apologize if you are considering retirement but are concerned that your pension won't cover the rising expense of living. There are terrible foreign policies worldwide, as well as disastrous regulatory, fiscal, and energy policies.
who is the head of the world bank who elected that person? nobody, everything is clear as day now
The periodical return of these recession threatens the capitalist state even more as Engles rightly said "abolition of anti thesis between town and village is utopia just like abolition of anti thesis between capitalist and wage workers"
I am just questioning here. We have ample amount of land to grow food, yet, there is never enough food. Our greed have caused few cunning men to profit from us and now own us. These numbers are man made. Our farmers are not protected, and they keep talking about financial issues, inflation and all of that.
Wherever that economist got her degree must just be giving them out to anyone, she is useless!
A global depression is coming
Very nice & good.
But what about The Fed printing spree in the last 3 years…???
Since Nixon took the dollar off the gold standard in 1971 the US (the Fed is simply a private bank, look it up) can just print dollars like there is no tomorrow and the rest of us must work to create profit to have dollars.
Half of the dollars in circulation now have been printed since the corona pandemic to ''deal with its effects''.
15 trillion has been printed.
The same goes for the Euro.
This is the biggest scam of all time:
the private bankers (let's call them banksters) have persuaded the government that it is not good with economy and taken over a central bank.
How come almost all governments have to borrow money from central banks with an interest???
Why can't the government just print money using its own central bank for the price of paper, ink etc in order to pay the nurses, the teachers, build bridges, motorways etc?
Because ''owning'' a central bank and lending money to governments is the best business there is.
The US government pays over 500 billion of interest alone on its 30 trillion debt to the owners of the Fed.
Please read the above again to sink it.
500 billion!!! Interest alone!
Owning a central bank is the best business.
By owning a central bank one controls the government.
Owners of a central bank do not care who runs the government because they own it!!!
As the saying goes:
the hand that is giving is above the receiving…
Let's nationalise central banks.
For more info about how the banksters became the masters of the universe & to get a historical context:
The Money Masters by Bill Still on YouTube
(watch it before it's taken down!!!)
BOGUS. there does not exist an excess of untapped funds in the U.S. Families are BROKE, no extra money, , , gifts from government? let's get this strait, NO government has ANY money, its income is from taxpayers, it was NOT a hand-out, it IS OUR MONEY TO BEGIN WITH.
People on this planet achieved a status through a manipulation. Achieving a status through offence is unacceptable. God is the owner of the Universe. God created this Universe with his invisible magnetic crystals. The provoked souls of creatures of lower status have achieved a fake status. That fake status will be destroyed by God. The entire Globe will be in great trouble. Those who follow the teachings of God will get the blessings of God. Only the Royal blood follows the teachings of God. There are followers of the Royal clan get the blessings of God. But there are heartless creatures who can never follow the teachings of God. The provoked souls belong to a clan that will lose everything that they have. God will curse them. Those who go against the honour of God will be cursed by God. Those who go against the family of God will be cursed by God. God is the King of the world. God maintains law and order on the planet. Those who follow the order will survive. Those who do not follow the order of God will not get food to eat and water to drink. God will punish every creature of lower status if they work against the Royal blood. Only the Royal family members remain connected with God.They are the part of God's family. God will always guide and protect them.
Gibberish.
"The cost of everything … is soaring… causing consumers to spend less""…???!!!
No, consumers spend more to buy less. Get it straight, lady!
first they blamed covid now they blame Russia
YIKES
ugly pants
1 percent? Wow thats low
Everything is awesome.. nothing to see here. bbbrrrrrrrrr
Many people in the USA are just walking off the job they are doing, because they are fed up with working more and more hours and getting poorer and poorer. That's why there is a glut of jobs, it doesn't indicate that everything is ok, the problem is terminal this time. All the while tax keeps going up and up. This tax merry-go-round is grinding to a shuddering halt, and when people stop working, stop buying cars, stop paying tax, it all stops. You can't print your way out of this one.
Bank has to lowering interest much lower
The USA has been declining for years and is about to crash this year. The USA, China, Russia, and many others countries are about to hit an economic implosion. Only my new global currency, the Nomero will save those that own it and later save our global economy from a global world war and global destruction.
The Federal Reserve scam is about to be exposed. The USA, EU and other countries will no longer be able to control the global economy. The Nomero currency, hosted in space, will democratize money and mankind will be liberated from the elite's scams that have decimated our fortunes. Elon Musk will retrieve Gold and diamonds from Saturn and other planets to back the Nomero, along with other valuables that will back the Nomero. Keep your ears and eyes open for the imminent release of the Nomero and how you can obtain it for 33% of value to spur the future economy. The Nomero will become the new global reserve currency; not the B.R.I.C that China and Russia are announcing. Over 30 billionaires will be behind the Nomero. They understand that people will no longer support an economy manipulated by the elite. The Nomero will remove the elite and get us back to where hard working people will rule the economy; not a few elite.
I talk a lot about this in my new book, Billionaire Blueprint, due out in September 2022.
Always negative always with ills…that's this channel of frauds n curse on earth
Global recession aside, MIT has predicted that the society would collapse in 2040, 10 years before any future AI hi-tech.
One would reckon global civilization would start to crumble by 2038, given the ongoing
fast disintegration of social fabrics in many countries.
Climate change/warming, intense pollution, wars, racism, greed/hatred, religious-political partisan, drugs,
alcohol, gun violence, waste of food/materials, excessive energy use, decaying marriage institution, …,
all these will contribute to the ultimate collapse..
Inevitably, we have already made a horrible mistake, wrongly embarked on the journey of no return..
I always wanted to put the world upsidedown. Because you're wrong. The people destroy other living creatures around themselves. Cars for example drive over animals every day, nobody does anything about it. And this is only one example of who knows how many I don't even want to imagine further. Anyway I will not help to bring this world down. It's not what I do. I'm a builder, not the destroyer. But I also will not help to keep this madness alive. Hate me all you want. I don't like you anyway if you think otherwise.
I did help to change this world. I did a lot. More than you ever will. And more than anyone else ever did. I will not miss this world unless it decides to change and does!
buy value food , work in a premier shop and live in a campa van
Megan is full of it. Not a clue.
My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in the US.
World bank or WBO/ Bill Gates AGAIN with another plandemic instore because his virus he distributed world wide fell short of making his fraud feel godlike killing 200,000 instead of Two hundred million like he PURPOSED TO WBO saving himself and them a contract pay-out to investors to the sum of $65TRILLION because the washed up fraud Bill Gates spent all the investors money playing God and couldn't come up with even the interest to pay the US INVESTOR/THE USA one penny.
When the World Bank says it will happen, it is going to happen
Uk is so full of money I can't believe this is happening ,literally excess in their banks, money sitting basically and they do this to people ,what a bunch of bastards
Most times it amazes me greatly the way I move from an average lifestyle to earning over 63k per month, utter shock is the word. I have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus.
Molly is screwed. YOU are screwed. We are all going down the sewers