IMF predicts prolonged, deep global recession
The International Monetary Fund on Thursday forecast a prolonged, deep global recession, a “sluggish” recovery, and weak capital flows to emerging economies that would hammer eastern Europe.
“The current recession is likely to be unusually long and severe and the recovery sluggish,” the IMF said in releasing two chapters from its twice-yearly World Economic Outlook (WEO).
The fund offered no timeline for a recovery from the first global recession in six decades.
The IMF also warned that “the decline in capital flows to emerging economies ... may be protracted, given the solvency problems facing advanced economy banks who provide significant financing to emerging economies.”
Emerging economies in eastern Europe were particularly vulnerable because of the heavy presence of western European banks in their financial sectors and economies.
The IMF pointed out that past episodes of systemic banking stress in advanced economies, such as the Latin American debt crisis in the 1980s and the Japanese banking crisis of the 1990s, shows that the decline in capital flows tends to be “sizeable and drawn out”.
“Given their large exposure, emerging European economies might be heavily affected,” said the 185-nation institution, whose mission is to promote global stability.
The IMF said its researchers looked at patterns of business cycles in 21 advanced economies from 1960 to the present.
The study found that fiscal stimulus actions seemed “particularly effective” in helping ending recessions, while monetary policy, such as tax cuts, can help shorten their duration but is less effective.
The Washington-based IMF highlighted the need for global coordination to battle the downturn and contain the financial meltdown.
“A coordinated policy response by advanced and emerging economies is required to prevent further escalation and spreading of financial stress,” it said.
“Reducing individual country vulnerabilities cannot insulate emerging economies from a major financial shock in advanced economies.”
The publication of the first two WEO chapters, which focus on recovery from recession and the spreading of financial stress from the advanced to emerging economies, came as the IMF prepares for its spring meetings with the World Bank, to be held April 25-26 in Washington.
>>> IMF predicts prolonged, deep global recession <<<
this is counter to the deepertmant houseseccuretee meemo.
onyl goode neewze shall b poosteed. /sarc
They have a big concern with saying the d word dont they?
thanks for posting..
hey look at this email, I dont know if this is factual or not..
Subject: watch out for those onions
Every body should read this...
I have used an onion which has been left in the fridge, and sometimes I don’t use a whole one at one time, so save the other half for later.
Now with this info, I have changed my mind....will buy smaller onions
in the future...
Written by Zola Gorgon —— author of several cookbooks.
I had the wonderful privilege of touring Mullins Food Products, makers of mayonnaise. Mullins is huge, and is owned by 11 brothers and > sisters in the Mullins Family. My friend, Jeanne, is the CEO.
Questions about food poisoning came up, and I wanted to share what I learned from a chemist.
The guy who gave us our tour is named Ed He’s one of the brothers. Ed is a chemistry expert and is involved in developing most of the sauce Formula. He’s even developed sauce formula for McDonald’s.
Keep in mind that Ed is a food chemistry whiz. During the tour, someone Asked if we really needed to worry about mayonnaise. People are always Worried that mayonnaise will spoil. Ed’s answer will surprise you.
Ed said that all commercially-made Mayo is completely safe.. “It doesn’t even have to be refrigerated. No harm in refrigerating it, but it’s not really necessary.” He explained that the pH in mayonnaise is set at a point that bacteria could not survive in that environment. He Then talked about the quint essential picnic, with
the bowl of potato salad sitting on the table and how everyone blames the mayonnaise when someone gets sick.
Ed says that when food poisoning is reported, the first thing the Officials look for is when the ‘victim’ last ate ONIONS and where those onions came from (in the potato salad?).
Ed says it’s not the mayonnaise (as long as it’s not homemade Mayo) that spoils in the outdoors. It’s probably the onions, and if not the onions, it’s the POTATOES.
He explained, Onions are a huge magnet for bacteria,
especially uncooked onions. You should never plan to keep a portion of a sliced onion. He says it’s not even safe if you put It in a zip-lock bag and put it in your refrigerator. It’s already contaminated enough just by being cut open and out for a bit, that it can be a danger to You (and doubly watch out for those onions you put
in your hotdogs at the baseball park!) OR AT FESTIVALS!
Ed says if you take the leftover onion and cook it like crazy you’ll Probably be okay, but if you slice that leftover onion and put IT on your sandwich, you’re asking for trouble. Both the onions and the moist potato in potato salad, will attract and grow bacteria faster
than any commercial mayonnaise and will even begin to break down.
So, how’s that for news? Take it for what you will. I (the author) am going To be very careful about my onions from now on. For some reason, I see a lot of credibility coming from a chemist and a company, that produces millions of pounds of mayonnaise every year.’
Also, dogs should never eat onions. Their stomachs cannot metabolise onions.
IMF predicts prolonged, deep global recession<<<
It is important to the new rulers, that we think it is going to crash.
Sacramento Bee has an article about the housing selling better than they have been, Las Vegas also and other areas, that I have picked up a bit here and there, saying there was a turn around.
Then the next report is “worse than ever”.
Reminds me of the Tea Parties, those who went and took part, think it was wonderful and yet, I hear folks talking about how it was all a publicity event, paid for by the rich republicans...
Yes, there is now a depression, for many are afraid of what obama has planned for the future, it can’t be good with pelosi helping, and are giving up small businesses, and big plans.
I am hoping that the Tea Party Americans will hit the street at the drop of a new law, let the left be scared for awhile.