IMF slashes growth forecasts, says world will 'very likely' experience worst recession since the 1930s

To contain the spread of the virus, many governments have implemented lockdown measures, only allowing people to leave their houses to purchase groceries, medicines and, in some cases, to exercise. As a result, business activity has stalled in many countries.

There's severe uncertainty about the duration and intensity of the economic shock, it added, and stimulating economic activity is more challenging given the required social distancing and isolation policies. The fund, which provides financing to members which are struggling economically, has $1 trillion in lending capacity.The latest forecasts from the IMF suggest that the U.S. economy will contract by 5.9% this year. In comparison, the euro zone is expected to shrink by 7.5%, but China is seen growing by 1.2% in 2020.

gordongekko369

Analyst: “it’s already priced in” 🤦‍♂️

Anyone else think for a split second they mean 'Impossible Mission Force' lol nobody Ok I'll be quiet 😂

so why stonks up?

Thanks realDonaldTrump

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Ahhhh but somehow U.S. stock markets will rise on the news

Get real. There will be an antibody or antiviral by September.

This is great news! Why? Because the IMF is never right about anything.

Every company listed on the NYSE's have basically stopped manufacturing their products and services, people have stopped buying what products they have produced and yet the Markets are green. = SCAM = HUGE crash coming = buy SILVER, then the miners then Gold.

Bollish

A voluntary Depression. People who are preaching about how dumb it would be to start reopening the economy will learn a lesson about not repeating History. A lot of people didn't pay attention in their history classes and think a Depression is just fun and games.

Hurray! We're going to destroy ourselves to prevent the spread of a virus with a .5% mortality rate!

Sell everything

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Source: TheEconomist - 🏆 6. / 92 Read more »