At the IMF: How long will this crisis last, no one can say

Director of the IMF (International Monetary Fund) Kristalina Georgieva for the first time gave her assessment of the economic dynamics that the world expects in 2020. Georgieva actually recognized that the global economy is sliding into a deep recession. At the same time, the estimates of the IMF managing director are extremely harsh.

From the statement:

In 2020, the global economy will face the worst economic downturn since the Great Depression.

Recall that the Great Depression is usually called the economic crisis that erupted in the United States in October 1929. Moreover, the crisis continued virtually until the outbreak of World War II - throughout the 1930s, striking various sectors of the economy. And only with the beginning of WWII in the USA did the economy begin to not only grow in volumes, but grow at a rapid pace, which ultimately allowed the States to become the first economic power in the world for many years (not without known actions to “appoint” the dollar as the main reserve currency in the world )

Kristalina Georgieva:

Coronavirus undermined public and economic order. This happened instantly, and on a scale that had never happened in our memory. This will lead to an unprecedented crisis over the past almost one hundred years.

According to the director of the IMF, "this crisis no longer knows the boundaries, and no one can say how long it will last."

From the statement:

Over the past two months, portfolio outflows from emerging markets totaled about $ 100 billion, more than three times more than during the same period of the global financial crisis. Exporters of goods receive a double blow from falling commodity prices. And remittances — the lifeblood of so many poor people — are expected to decline.

At the same time, the IMF believes that in order to smooth out the situation, it is necessary to focus primarily on those economic expenses that should go towards supporting medicine - in order to defeat the pandemic.

Ms. Georgieva added that he would affect not only economically developed countries, but also countries with developing economies.

Comments

[DMB 75]

In 2020, the global economy will face the worst economic downturn since the Great Depression.

Apparently, this all goes ...

[Ilya-spb]

I would like to answer Ms. Georgieva: "Not with us, but with you!"

No specifics. Just a panic. Investors withdraw loot (where to withdraw?).

Coronovirus pandemic - as a concentrated expression of the crisis of capitalism.

In addition, Ms. Georgieva does not at all consider an alternative to the capitalist system.
During the Great Depression in the USA, the formation and development of the national economy in the USSR was in progress.

[den3080]

Yeah, Pythia Kristalin, as they say, suffered ...

[Piramidon]

Judging by the hog, which is pictured in the center, the crisis did not affect him. Or maybe swollen from hunger.

[Vadim237]

Nothing like that will benefit the crisis — it will lose some weight.

[rotmistr60]

Coronavirus undermined public and economic order

Fighting the crisis is certainly not to drive weak countries into debt bondage. Here you will have to work, and not warm the fifth point on a bag of money and dictate your conditions to those in need of real help. So let's see what the IMF and its officials are really capable of when the economic crisis is already drumming at all doors.

[unhappy]

As we have help, take a loan, pay a salary at a non-working enterprise, but you will still repay the loan!

[4UMA]

Able to do the same thing as the League of Nations before the 2nd World ....

[unhappy]

The IMF director said, otherwise we didn’t know ...
I also expressed my opinion on VO a week ago that it will be worse, admins removed me, I create a panic

[Fedorov]

But I have a crisis on the drum, holidays, on construction sites I shy away, no worse. They also feed - they are watered in addition, but of course if the hands grow from the right place.

[kjhg]

Quote: Fedorov

But I have a crisis on the drum, holidays, on construction sites I shy away, no worse.

Are you really so naive or just a complete optimist? Do you think that while the builders haven’t touched it, then this will continue to be so? By fall-winter, builders will also be shandarahnet so that little seems. Builders only satisfy consumer demand. And everything goes to the point that demand will collapse in the wake of the incomes of the vast majority of citizens. State employees and pensioners will suffer less than others.

[Andrei Nikolaevich]

How on time I refused the car, on credit. The old one is still in excellent condition. No wonder I do not like car dealers manangers.

[Qwertyarion]

Quote: Andrey Nikolaevich

How on time I refused the car, on credit

I also determined the risk of buying a car and refused to purchase.

[Mountain shooter]

They inflated, inflated financial bubbles on exchanges, futures on futures, a dartboard on a tree, money out of money ... The value of a company is not even determined by its profit and dividends per share, but by the prices on the stock exchange, where speculative capital can change the value of enterprises for some minutes ten times.
Production has been pushed into a corner ... Until they start putting things in order for these speculative capital flows, nothing will change ... So it will be, with a more or less rapid period ... Power is in the hands of financial capital.

[4UMA]

Pyramid - Pyramid

[Qwertyarion]

. And only with the beginning of WWII in the USA, the economy began not only to grow in volumes, but to grow rapidly.

This moment is very disturbing.
America can restart its economy by unleashing a new world war.

[Vadim237]

With whom they will unleash a war recently Iran gave zvezdulin - so they immediately make excuses supposedly we agreed with them. And now in Iraq, zvizdons are being fired at shelling bases.

[Qwertyarion]

Don't underestimate "partners" ....

[askort154]

The coronavirus and the "dark game" with oil are a blow to the gut of the entire global economy.
You won't be able to catch your breath quickly, even a hedgehog can understand that.

[samarin1969]

A very, very "meaningful assessment": there will be a b-oh-oh-lshy crisis, it will last for some time - everyone needs to unite.
And why are they paid money?

[Ros 56]

The more problems in the west, the better for us.

[prior]

The IMF is a global microfinance organization.
They know very well how to "strip" and destroy the country - the example of Ukraine.
Everything else is vanging ...

[Cowbra]

In other words, the next pseudo-international organization on a short leash of the State Department showed that the world does not need it, because what to do is not in the know. Following the EU, NATO, the UN and other WHO, Doctors Without Borders, ekolagami and more liberal, which is now ruining on a branch about coronovirus.
There is no sense from them in any crisis - exactly zero.

[Victorio]

cleverly, in the coming economic crisis, the coronovirus turned out to be extreme

[askort154]

At the same time, the estimates of the IMF managing director are extremely harsh.

And she clearly pointed her hand at the man sitting in the center. Look at what this man brought to - COVID - 19!

[Starter52]

I don’t understand what we have to do with it. I haven’t seen these crises at all. Maybe only 98, what is the current threat to us? Gas has become cheaper. The salary has increased. There is a seed potato. The seedlings are growing on the windowsill. The hens are laying eggs. The weather is excellent, I want to work on the ground. If this is a crisis? Let it last forever. And to the whiners and litter-shakers-shakers and without a crisis it’s all worthless. Hands if there’s nothing.

[NF68]

The most accurate answer to this question can be given by those who organized this crisis.

[iouris]

The crisis orchestrated "market capitalism".

[iouris]

There is a version that after the crisis, the IMF will not.