The International Monetary Fund is warning that up to one-third of the global economy is in danger of an outright recession in 2023, because the three biggest economies, the U.S., EU and China, are all slowing down simultaneously.
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BREAKING: Recession News
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The International Monetary Fund (IMF) has warned that one-third of the world’s economies could experience a recession this year due to the impact of Covid-19 pandemic. The global economy has been severely hit due to months of lockdowns, travel restrictions, and massive supply chain disruptions. This has resulted in massive job losses, revenue declines, and economic instability across the world.
According to the IMF, the global economy is expected to shrink by 4.4% this year. The IMF also predicted that the advanced economies would experience a contraction of 5.8% this year, while the emerging markets and developing economies would shrink by 3.3% this year. This is the worst economic slump since the Great Depression, which took place in the 1930s.
The pandemic has plunged many nations into deep economic recessions. The IMF has identified five countries that are at great risk of economic instability – Argentina, Iraq, Lebanon, Iran, and Venezuela. These countries are facing multiple challenges, including political instability, high debt burdens, and weak economic fundamentals, which make them vulnerable to economic crises.
As the pandemic continues to rage on, the IMF has emphasized the importance of strong policy measures to stabilize economies and support recovery. The organization has called on countries to invest in programs that will support growth, create jobs, and protect the most vulnerable members of society.
In these challenging times, governments have an important role to play in stabilizing economies and supporting their citizens. The IMF has also called on international organizations, such as the World Bank and the G20, to collaborate closely to support countries in need.
In conclusion, the Covid-19 pandemic has had severe consequences for the world economy, and it is clear that many countries will experience a recession this year. However, with strong policy measures and international cooperation, we can mitigate the impact of the pandemic and work towards a speedy recovery.
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Biden made recession by turning the Ukraine crisis into an Energy war. it is a mistake to introduce an Energy embargo when you are the buyer!
It will be the next great depression but world wide hold on to your camping gear your probably losing your house
Thanks to Rich Globalists Agendas
EU is the main component of the 1/3, thanks to its following of the tune of the US。
But what if the recession doesn't happen? Do we just keep egging it on?
It's already hit the UK!
Hard landing anybody?
I'm grateful that I have been vaccinated. Although the recession may become severe, I have confidence in our government's support. I am sure that we will receive additional stimulus, a generous amount of financial aid, and that all decisions related to geopolitics are well thought out and not impulsive or ideology-driven. The world seems to be operating in a more rational state, with everyone making sound decisions. I trust in our government and mainstream media.
Really bad recession is coming many people will loose everything!!!!!
thanks for this good video, very educative
I M F plans recession with crooked politicians and west, and then dishes it out!
Why don’t the biggest companies of the world crumble because of it!
Corporates and politicians + IMF and recession starts!
Truth: Recession has been here.
You have a lot of nerve pretending this was some kind of unavoidable accident…
Sooooo, 1/3 of the world gets to join me in finding out what poor feels like.
Import Russian Oil the problem will be solved,no need to suffer like this,otherwise U have Illegal lending, Inflation & the list goes on & on…………
We have the rich,middle class,and poor guess which 1/3 of the "economy" is going to suffer.
The economy is bad because the wrong economic decisions were made by so called government experts.
Recession will be everywhere except India
The legacy media / CBC should just be showing people how to cancel Disney+ on repeat.
You don't say… I wondered what caused it? we'll never know it will always be a mystery. Glad I'm smart and get all my information from mainstream media.
4.4% growth for the world's second-largest economy, you call that economic recession for China?!
Trudeau has zero concept proven by $12000 a month for luxury groceries and $6000 a night hotel. He gave away over $4 billion in his last ten day junket. There's only some millions of taxpayers and incompetent spending saddled us with a trillion dollar debt. Step out of your home, do you see much if any of it?
The West. The West is going into recession.
One third…. hahaha
Rah rah pro-America, but the American economy has a lot of growth going for it in 2023. Much as that may be the increased demand for its' oil/gas, spending on military industry for Ukraine's war, and a general increase in spending that the Biden governemt has been doing and will continue to do.
Defund mainstream media funded by the government.
#TrudeauMustGo
Imf is consolidating assets and will bring upon this great depression so that everything goes "on sale". The people must overthrow the demonic rule of these zionists
Before Trudeau & his WEF gang bans everything from guns to fertilizer to farming to oil.. Time for the West to secede from Canada. We get nothing from confederation.
Defund CBC & MSM. Zero reason for $Billions of taxpayer money being spent to push gov't propaganda.
Only 1 percent of Canadians watch CBC yet they take 1.2 billion dollars from Canadian taxpayers every year. Defund the CBC.
And Canada will be leading the charge. Thanks Justine! Hope you and your father are reunited soon!
is Canada one of them ?
Its like running an engine with no oil and no fuel. We are in an energy dependent economy. And energy supplies are low. Plus, inflation has drained discretionary spending from the economy. This extra spending is the lubricant for economic growth that is needed to get things unstuck. Now the banks will cut lending and reduce the money supply tap at the same time as the centals pull the drain plug.
Trudeau Liberal extremists have vowed to cut Canadian food exports by 30%.
Why can't I used the word 'Zoolander' on the CBC website comment section?
Covid Files will drop at Twitter this week.
Expect no MSM coverage.
This is on Trump.