Topic: IMF: War Dims Global Economic Outlook as Inflation Accelerates - page 2. (Read 193 times)
I would be shocked if we don't enter a recession. We somewhat avoided one in the pandemic, and that's by itself unbelievable, but every economic prediction tells us we are due for another recession, so that, combined with the already fragile state from the impacts of COVID, now we have a global war (and I say global because it impacts all countries on different levels), I just don't see how we can wiggle ourselves outa this one. And maybe we shouldn't. I am not invoking doom and gloom, but it feels like a reset is needed.
You don't have to be very intelligent to write a report compiled by IMF geniuses, which I would compare to a situation where someone's house is on fire, and someone at the moment claims that it will harm the owner, which is more than an obvious consequence of the fire. In addition, I do not pay any attention to the opinions of such organizations, because they have proven their incompetence countless times and have never served for the benefit of world peoples but for various interest groups that pay them to steer the world in their direction.
This is just an idea that has so far proved feasible on a smaller scale, because even those who are mostly on the side of the victims in this war still pay the aggressor billions of dollars every month for oil, gas, nuclear fuel and who knows what else. With the sanctions now in place, the war can last for years with the help of countries that have not imposed them at all.
Therefore, the international community needs to increase economic pressure on the Putin regime so that they abandon their aggressive plans.
This is just an idea that has so far proved feasible on a smaller scale, because even those who are mostly on the side of the victims in this war still pay the aggressor billions of dollars every month for oil, gas, nuclear fuel and who knows what else. With the sanctions now in place, the war can last for years with the help of countries that have not imposed them at all.
The main cause of projection reduction is the inflation caused by the war on Ukraine.
As inflation looks to be the worse cause of all this global growth reduction, there might be a new opportunity for bitcoin.
Due to its anti-inflationary, borderless and decentralized nature, bitcoin really looks to be an amazing asset in the context. Bitcoin could be the asset to be used by citizens anywhere, from Russia to Ukraine or even USA, to protect them from war between those nations and the inflation.
Due to the alarming rate of inflation people are forced to find an alternative. Most of them go for precious metals but still, some consider bitcoin safer than physical commodities. There are a few reasons why smart people think bitcoin is a better alternative than gold. Not only because of its historical massive growth but also its convenient conditions to carry across the world.
It was to be expected. In Ukraine there are significant reserves of fertile black soil. Therefore, it is a supplier of agricultural products to 146 states. The war unleashed by Russia, in which the civilian infrastructure of Ukraine is deliberately destroyed, made it impossible to supply in the previous volumes. Therefore, according to the UN and the IMF, about 400 million of the world's population will experience significant food difficulties.
The coronavirus epidemic has already deregulated previously debugged global supplies, and now a new blow associated with this war. Therefore, the international community needs to increase economic pressure on the Putin regime so that they abandon their aggressive plans.
The coronavirus epidemic has already deregulated previously debugged global supplies, and now a new blow associated with this war. Therefore, the international community needs to increase economic pressure on the Putin regime so that they abandon their aggressive plans.
Directly from IMF blog, this article explains the revision of global outlook for the upcoming months. They reduced all projections.
The main cause of projection reduction is the inflation caused by the war on Ukraine.
As inflation looks to be the worse cause of all this global growth reduction, there might be a new opportunity for bitcoin.
Due to its anti-inflationary, borderless and decentralized nature, bitcoin really looks to be an amazing asset in the context. Bitcoin could be the asset to be used by citizens anywhere, from Russia to Ukraine or even USA, to protect them from war between those nations and the inflation.
Quote
The effects of the war will propagate far and wide, adding to price pressures and exacerbating significant policy challenges.
Global economic prospects have been severely set back, largely because of Russia’s invasion of Ukraine.
This crisis unfolds even as the global economy has not yet fully recovered from the pandemic. Even before the war, inflation in many countries had been rising due to supply-demand imbalances and policy support during the pandemic, prompting a tightening of monetary policy. The latest lockdowns in China could cause new bottlenecks in global supply chains.
In this context, beyond its immediate and tragic humanitarian impact, the war will slow economic growth and increase inflation. Overall economic risks have risen sharply, and policy tradeoffs have become even more challenging.
https://blogs.imf.org/2022/04/19/war-dims-global-economic-outlook-as-inflation-accelerates/Global economic prospects have been severely set back, largely because of Russia’s invasion of Ukraine.
This crisis unfolds even as the global economy has not yet fully recovered from the pandemic. Even before the war, inflation in many countries had been rising due to supply-demand imbalances and policy support during the pandemic, prompting a tightening of monetary policy. The latest lockdowns in China could cause new bottlenecks in global supply chains.
In this context, beyond its immediate and tragic humanitarian impact, the war will slow economic growth and increase inflation. Overall economic risks have risen sharply, and policy tradeoffs have become even more challenging.
The main cause of projection reduction is the inflation caused by the war on Ukraine.
As inflation looks to be the worse cause of all this global growth reduction, there might be a new opportunity for bitcoin.
Due to its anti-inflationary, borderless and decentralized nature, bitcoin really looks to be an amazing asset in the context. Bitcoin could be the asset to be used by citizens anywhere, from Russia to Ukraine or even USA, to protect them from war between those nations and the inflation.
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