Thursday, April 9, 2020

IMF Says Covid-19 Coronavirus Pandemic Will Unleash The Worst Recession Since Great Depression

Reuters: IMF chief says pandemic will unleash worst recession since Great Depression

WASHINGTON (Reuters) - The pandemic sweeping the world will turn global economic growth “sharply negative” in 2020, triggering the worst fallout since the 1930s Great Depression, with only a partial recovery seen in 2021, the head of the International Monetary Fund said.

IMF Managing Director Kristalina Georgieva painted a far bleaker picture of the social and economic impact of the new coronavirus than even a few weeks ago, noting governments had already undertaken fiscal stimulus measures of $8 trillion, but more would likely be needed.

She said the crisis would hit emerging markets and developing countries hardest of all, which would then need hundreds of billions of dollars in foreign aid.

“Just three months ago, we expected positive per capita income growth in over 160 of our member countries in 2020,” she said on Thursday in remarks prepared for delivery ahead of next week’s IMF and World Bank Spring Meetings.

Read more ....

More News On The IMF Saying That The Covid-19 Coronavirus Pandemic Will Unleash The Worst Recession Since Great Depression

Coronavirus: Worst economic crisis since 1930s depression, IMF says -- BBC
IMF head sees worst economic downturn since Great Depression -- AP
IMF chief flags up grim global economic forecast -- The Guardian
Half a billion people could be pushed into poverty by coronavirus economic fallout, study finds -- ABC News Online
Coronavirus crisis could plunge half a billion people into poverty: Oxfam -- Reuters
Blindsided: how coronavirus felled the global economy in 100 days -- The Guardian


RussInSoCal said...


Due to the current financial situation caused by the Coronavirus Pandemic and the accompanying slowdown in the world’s, and the US, economy,
the Trump Administration has decided to implement a program to put workers of 50 years of age and above on early, mandatory retirement, thus
creating jobs and reducing unemployment.

The government loves acronyms, hence acronyms will be used in this program.

Here are the key 8 points of the Program:

1. This program will be known as RAPE (Retire Aged People Early).

2. Persons selected to be RAPED can apply to the government to be considered for the SHAFT program
(Special Help After Forced Termination).

3. Persons who have been RAPED and SHAFTED will be reviewed under the SCREW program
(System Covering Retired-Early Workers).

4. A person may be RAPED once, SHAFTED twice and SCREWED as many times as the government deems appropriate.
Persons who have been RAPED could get AIDS (Additional Income for Dependents & Spouse)
or HERPES (Half Earnings for Retired Personnel Early Severance).

5. Qualification will depend upon how low you can bend over.

6. Persons who have AIDS or HERPES will not be SHAFTED or SCREWED any further by the Government.

7. Persons who are not RAPED and are remaining in their employment will receive as much SHIT (Special High Intensity Training)
as possible. The government has always prided themselves on the amount of SHIT they give our citizens.

8.Should you feel that you do not receive enough SHIT, please bring this to the attention of your TD,
who has been trained to give you all the SHIT you can handle.


The Committee for Economic Value of Individual Lives (EVIL)

PS: Due to Coronavirus, recent budget cuts and the rising cost of electricity, and the lower price of gas and oil that you can't use, as well as current market conditions, ‘The Light at the End of the Tunnel’ has been turned off.

Unknown said...


Jeffsmith said...

LMAO 😁🤓. Reminds me of the special high intensity training I get at work. (S.H.I.T.)