Theย International Monetary Fundย lowered its economic forecast again for 2023, saying countries making up one-third of the worldโs economy will have at least two-quarters of contraction this year or next as Russiaโs invasion ofย Ukraineย disrupts global markets.
I think it’s the sanctions and the destruction of the fossil fuel industry that is the problem. Much of this is manufactured with bad policies of the West. The globalist IMF won’t admit that.
Kristalina Georgieva, managing director of theย IMF, told an audience at Georgetown University on Thursday that โthings are more likely to get worse before it gets better.โ She sees a “darkening” over the global economy.
Sheย said Moscowโs invasion ofย Ukraineย in February dramatically changed theย IMFโs outlook.
โThe risks of recession are rising,โย sheย said. We’re looking at $4 to $6 trillion lost. Even those countries not in recession will feel like they are because incomes can’t keep up.
She urges policy action to avoid “dangerous ‘new normal’,” reports AFP News Agency. We don’t know what policy action she wants, but we’d suggest unleashing fossil fuels and changing the sanctions to become less damaging to the West. Also, someone should shut Zelensky up. His constantly calling for World War III is not helpful.
THE DARKENING
“The global economy is at increasing risk of recession and could lose $4 trillion in output through 2026, a ‘massive setback’ roughly equivalent to the size of Germanyโs economy, the IMFโs top official said.” Steve Milloy says, “climate idiocy is expensive” and “darkening.”
“Emissions have doubled since climate idiocy began. More are on the way with no end in sight. Wind and solar have been exposed as failed technologies, and we are possibly heading into a global recession. Yet the IMF imagines emissions cut 25% by 2030,” Milloy added.
They keep pushing failed policies. It’s the definition of insanity.
The U.S. economy is “darkening.” Once Biden is done emptying out the emergency oil reserves, fuel and prices will skyrocket. The economy has contracted for two straight quarters. We are all being told that is an informal definition of a recession since hiring is still strong. You can believe it is only an informal definition if you want.
The Biden administration and congressional Democrats are saddled with voter anger over inflation, which is running near a four-decade high.
Thatโs called a recession.
IMF warns global recession in 2023; projects world economic growth lower by $4 trillion through 2026 | https://t.co/c5gBBzaAA6
.#IMF #Economy #Recession pic.twitter.com/PSVkh6kRskโ Economic Times (@EconomicTimes) October 6, 2022
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