Global Economy Shrinking at Alarming Rate, IMF Warns


stock market recession worthy christian news

(Worthy News) – All signs are pointing to a global economic crisis of proportions not seen in decades in the face of the coronavirus pandemic crisis.

On Wednesday, the International Monetary Fund estimated that the global economy would shrink by 3 percent in 2020, a slowdown 30 times worse than what the world experienced in 2009, when the global financial crisis caused growth to shrink by 0.1 percent.

The new forecast contrasts sharply from the IMF’s projections just three months ago, when the organization anticipated a 3.3 percent global economic expansion. It also comes as the United States is making a modest effort to prop up other countries’ economies with increased contributions to international financial organizations such as the IMF and the United States Agency for International Development (USAID). [ Source: VOA News (Read More…) ]

We're being CENSORED ... HELP get the WORD OUT! SHARE!!!
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News