Military Review

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.
Photos used:
Facebook / IMF
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  1. DMB 75
    DMB 75 April 10 2020 06: 39 New
    In 2020, the global economy will face the worst economic downturn since the Great Depression.

    Apparently, this all goes ...
    1. Ilya-spb
      Ilya-spb April 10 2020 07: 17 New
      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.
    2. den3080
      den3080 April 10 2020 08: 08 New
      Yeah, Pythia Kristalin, as they say, suffered ...
    3. Piramidon
      Piramidon April 10 2020 08: 18 New
      Judging by the hog, which is pictured in the center, the crisis did not affect him. Or maybe swollen from hunger.
      1. Vadim237
        Vadim237 April 10 2020 14: 52 New
        Nothing like that will benefit the crisis — it will lose some weight.
  2. rotmistr60
    rotmistr60 April 10 2020 06: 45 New
    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.
    1. unhappy
      unhappy April 10 2020 06: 50 New
      As we have help, take a loan, pay a salary at a non-working enterprise, but you will still repay the loan!
    2. 4UMA
      4UMA April 10 2020 08: 35 New
      Able to do the same thing as the League of Nations before the 2nd World ....
  3. unhappy
    unhappy April 10 2020 06: 45 New
    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 request
  4. Fedorov
    Fedorov April 10 2020 06: 50 New
    But I have a crisis on the drum, holidays, on construction sites I shy away, no worse. wink They also feed - they are watered in addition, but of course if the hands grow from the right place.
    1. kjhg
      kjhg April 10 2020 08: 29 New
      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.
  5. Andrei Nikolaevich
    Andrei Nikolaevich April 10 2020 07: 00 New
    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.
    1. Qwertyarion
      Qwertyarion April 10 2020 07: 16 New
      Quote: Andrey Nikolaevich
      How on time I refused the car, on credit

      hi I also determined the risk of buying a car and refused to purchase.
  6. Mountain shooter
    Mountain shooter April 10 2020 07: 07 New
    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.
    1. 4UMA
      4UMA April 10 2020 08: 37 New
      Pyramid - Pyramid
  7. Qwertyarion
    Qwertyarion April 10 2020 07: 13 New
    . 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.
    1. Vadim237
      Vadim237 April 10 2020 14: 56 New
      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.
      1. Qwertyarion
        Qwertyarion April 10 2020 15: 42 New
        Do not underestimate the "partners" ....
  8. askort154
    askort154 April 10 2020 07: 17 New
    Coronavirus and the "dark game" with oil - a blow under the breath of the entire world economy.
    "Get out of breath" quickly does not work, it is clear even to a hedgehog.
  9. samarin1969
    samarin1969 April 10 2020 07: 27 New
    A very, very "meaningful assessment": there will be a b-o-o-b-crisis, if it lasts for some time - everyone needs to unite. laughing
    And why are they paid money?
  10. Ros 56
    Ros 56 April 10 2020 08: 26 New
    The more problems in the west, the better for us.
  11. prior
    prior April 10 2020 08: 44 New
    The IMF is a global microfinance organization.
    They know very well how to “undress” and ruin a country — an example is Ukraine.
    Everything else is vanging ...
  12. Cowbra
    Cowbra April 10 2020 09: 23 New
    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.
  13. Victorio
    Victorio April 10 2020 10: 47 New
    cleverly, in the coming economic crisis, the coronovirus turned out to be extreme
  14. askort154
    askort154 April 10 2020 11: 07 New
    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! crying
  15. Starter52
    Starter52 April 10 2020 12: 11 New
    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.
  16. NF68
    NF68 April 10 2020 18: 06 New
    The most accurate answer to this question can be given by those who organized this crisis.
    1. iouris
      iouris April 10 2020 23: 04 New
      The crisis organized "market capitalism".
  17. iouris
    iouris April 10 2020 23: 03 New
    There is a version that after the crisis, the IMF will not.