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IMF: Global Economy In Recession Worse Than 2009 - Business - Nairaland

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IMF: Global Economy In Recession Worse Than 2009 by agwom(m): 6:56am On Mar 28, 2020
The International Monetary and Financial, (IMF), has said it is now clear the world economy is in a recession and recovery may only be in 2021. The IMF Managing Director Ms Kristalina Georgieva gave the indication yesterday at a call conference press briefing of the International Monetary and Financial Committee (IMFC). “We have reassessed the prospect for growth for 2020 and 2021.

It is now clear that we have entered a recession – as bad as or worse than in 2009,” she said. “We do project recovery in 2021-in fact there may be a sizeable rebound, but only if we succeed with containing the virus – everywhere – and prevent liquidity problems from becoming a solvency issue” she explained further.

The IMF is also worried about the long-lasting impact of the sudden stop of the world economy because of the risk of a wave of bankruptcies and layoffs that not only can undermine the recovery but can erode the fabric of our societies. To avoid this happening, she said “many countries have taken far-reaching measures to address the health crisis and to cushion its impact on the economy – both on the monetary and on the fiscal side.”

“The G20 yesterday reported fiscal measures totaling some 5 trillion dollars or over 6 % of global GDP. It is important for those ahead in taking action to share their experience with those still behind.

To support this, last night the IMF launched a policy actions tracker for 186 countries to help us all to see who is doing what. We will be updating this information regularly and will provide country-specific analysis in line with our surveillance mandate,” she explained.

https://www.dailytrust.com.ng/global-economy-in-recession-worse-than-2009-imf.html

2 Likes

Re: IMF: Global Economy In Recession Worse Than 2009 by helinues: 6:57am On Mar 28, 2020
Forseen recession...

7 Likes 1 Share

Re: IMF: Global Economy In Recession Worse Than 2009 by Davash222(m): 6:59am On Mar 28, 2020
helinues:
Forseen recession...

Hope your mcm buhari and his resident saints are doing something at least to curtail the forseen recession.

50 Likes 2 Shares

Re: IMF: Global Economy In Recession Worse Than 2009 by YorubaKinging: 7:01am On Mar 28, 2020
This is the beginning of the end as you know it

Things will change
Strange measures will be put in place
But some who knows the truth will be saved from the incoming doom

28 Likes

Re: IMF: Global Economy In Recession Worse Than 2009 by helinues: 7:01am On Mar 28, 2020
Davash222:

Hope your mcm buhari and his resident saints are doing something at least to curtail the forseen recession.

https://www.nairaland.com/5723254/coronavirus-nigerians-start-saving-now

You guys were bluffing when I posted that...

17 Likes 4 Shares

Re: IMF: Global Economy In Recession Worse Than 2009 by Yenefer(f): 7:02am On Mar 28, 2020
It is becoming almost second nature for most Nigerians, both the educated and non-educated classes, to cross the line while pouring out their hearts on national issues. I agree, there are ample question marks on how the President Muhammadu Buhari-led government has acted on and reacted to socio-political, economic, and religious matters; spanning from federal character, insurgency, ethno-religious skirmishes, education, malfeasance, to now presidential invisibility before this coronavirus pandemic.

Naturally, we feel betrayed, used, and insignificant to the presidency. Not paling in comparison to status-quo that should be, your feelings are indeed valid. But letting this emotional pain lead you to hurl insults of all sorts at President Buhari, as rampant online, is an overreaction. As you call him unprintable, reprehensible names and ridicule him through jokes/memes, remember he is fallible, someone's husband, father, uncle, grandfather, and holds office of President of Nigeria. It is enough to beg to differ with and criticize constructively his leadership style plus policies. Using constitutional and moral means to show displeasure are in order. Look emotional intelligence's way.

Disturbingly, some people even wish Buhari death, hoping news of his demise filters in soonest. If that's not a representation of the Scriptures' observation that "The heart of man is desperately wicked," then it must be of something worse. If you fall in this category, kindly stop now! Such comments are humor taken too far.

As events unfold and we watch with disappointment, anticipating the National Assembly does the needful and saves the day, let us (Nigerians) amplify our voices to be critically loud enough, not insulting enough.


©Kaycee Naze,
Rational Pen.

41 Likes 3 Shares

Re: IMF: Global Economy In Recession Worse Than 2009 by Davash222(m): 7:05am On Mar 28, 2020
helinues:


https://www.nairaland.com/5723254/coronavirus-nigerians-start-saving-now

You guys were bluffing when I posted that...

You've always being a 'bluffer' till tomorrow.

12 Likes

Re: IMF: Global Economy In Recession Worse Than 2009 by etrouble: 7:07am On Mar 28, 2020
We are in it together

3 Likes 1 Share

Re: IMF: Global Economy In Recession Worse Than 2009 by helinues: 7:09am On Mar 28, 2020
Davash222:

You've always being a 'bluffer' till tomorrow.

Then why not direct your questions to Buhari

8 Likes 3 Shares

Re: IMF: Global Economy In Recession Worse Than 2009 by cenaman(m): 7:09am On Mar 28, 2020
IPOB will blame Buhari for it.

19 Likes 2 Shares

Re: IMF: Global Economy In Recession Worse Than 2009 by Seetto: 7:17am On Mar 28, 2020
Too late, some people have already started blaming buhari, they will tell you is because of buhari we have Corona virus. grin

21 Likes 6 Shares

Re: IMF: Global Economy In Recession Worse Than 2009 by Ernerstdavid55(m): 7:53am On Mar 28, 2020
grin come hw does this guys get to there conclution?? There not even in the streets of ng

3 Likes 1 Share

Re: IMF: Global Economy In Recession Worse Than 2009 by Nobody: 7:53am On Mar 28, 2020
cheesy

Human thinks he is strong but he is infact, frailer than he thinks.

We are here today

3 Likes 1 Share

Re: IMF: Global Economy In Recession Worse Than 2009 by Kendumazy(m): 7:53am On Mar 28, 2020
It will definitely come to pass. It's just one of those phases of life. May God heal the lands.

9 Likes 1 Share

Re: IMF: Global Economy In Recession Worse Than 2009 by ForeThinker: 7:53am On Mar 28, 2020
Dipa life
Re: IMF: Global Economy In Recession Worse Than 2009 by Rotjijatau(m): 7:53am On Mar 28, 2020
What nonsense recession? Should that be the problem now? The problem is Covid19 and how to profer panacea to this pandemic and you are talking about recession. Is it not someone who is alive and healthy that will talk about recession? Tchewwww

4 Likes

Re: IMF: Global Economy In Recession Worse Than 2009 by RichDad1(m): 7:53am On Mar 28, 2020
Brace yourself people. Tough times ahead. cry cry cry
Re: IMF: Global Economy In Recession Worse Than 2009 by Ustec: 7:53am On Mar 28, 2020
As usual, Second position and imam of conflicts will blame Buhari for Nigeria's economy recession grin

Bloody foools.

11 Likes 3 Shares

Re: IMF: Global Economy In Recession Worse Than 2009 by medTechworld(f): 7:53am On Mar 28, 2020
Tough times ahead... Brace up guys.. God will see us through

2 Likes 1 Share

Re: IMF: Global Economy In Recession Worse Than 2009 by AntiChristian: 7:54am On Mar 28, 2020
We ask Allah for safety!

5 Likes 1 Share

Re: IMF: Global Economy In Recession Worse Than 2009 by Grace001: 7:54am On Mar 28, 2020
So many things will change..
Re: IMF: Global Economy In Recession Worse Than 2009 by Babatunde40(m): 7:54am On Mar 28, 2020
The recession will create new millionaires.

As every recession ends, a new set of millionaires always emerge. I pray we all survive this Covid 19 together and may our eyes and minds be open to see opportunities that will usher us into our mega millions when the world comes out of this recession

26 Likes 2 Shares

Re: IMF: Global Economy In Recession Worse Than 2009 by Millz404(m): 7:54am On Mar 28, 2020
everything is shutting down.... God help us

click on my signature if you own a business
Re: IMF: Global Economy In Recession Worse Than 2009 by TroubleMaker47(m): 7:55am On Mar 28, 2020
Arrrgh.. not again!
Re: IMF: Global Economy In Recession Worse Than 2009 by West2019(m): 7:55am On Mar 28, 2020
End time
Re: IMF: Global Economy In Recession Worse Than 2009 by morikee: 7:55am On Mar 28, 2020
Global recession ultimate achievement of Covid-19.
Re: IMF: Global Economy In Recession Worse Than 2009 by Emmerlee(m): 7:56am On Mar 28, 2020
Seetto:
Too late, some people have already started blaming buhari, they will tell you is because of buhari we have Corona virus. grin
For corona we were not proactive enough.. It's very clear. However this topic is about global economic recession and not COVID19. You guys should stop being extremely stupid.

6 Likes 1 Share

Re: IMF: Global Economy In Recession Worse Than 2009 by YorubaKinging: 7:56am On Mar 28, 2020
We are at the end times

Please for those who believe
Anything can happen any any moment

Ask for forgiveness of sins and stop the sin

Be it masturbation, fornication, smoking weed, yahoo yahoo..
Sin is sin
God will not understand ...

7 Likes 1 Share

Re: IMF: Global Economy In Recession Worse Than 2009 by Ogaga87(m): 7:56am On Mar 28, 2020
Expected with convid putting the door of world economy in ajar state..

Not surprised..

The anger of the Lord is upon us and I'm trusting his mercies to put us back to where we were before..

1 Like

Re: IMF: Global Economy In Recession Worse Than 2009 by illiteratepmb: 7:56am On Mar 28, 2020
Nigeria own will be worster than the worst with the dullard at the helm of affairs. God save us o

1 Like 1 Share

Re: IMF: Global Economy In Recession Worse Than 2009 by Captainshedrach(m): 7:56am On Mar 28, 2020
Hmmm
Re: IMF: Global Economy In Recession Worse Than 2009 by Ayoefa: 7:57am On Mar 28, 2020
Davash222:

Hope your mcm buhari and his resident saints are doing something at least to curtail the forseen recession.


No, just blame the whole world recession on Buhari as usual.

4 Likes

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