Recession is here !!!

Recession is here !!!

114°
Missing
Deal Cadet
3
564
10
Recession is here !!!

Link

WASHINGTON: The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, IMF chief Kristalina Georgieva said Friday.


“It is clear that we have entered a recession” that will be worse than in 2009 following the global financial crisis, she said in an online press briefing.

With the worldwide economic “sudden stop,” Georgieva said the fund’s estimate “for the overall financial needs of emerging markets is $2.5 trillion.” But she warned that “we believe this is on the lower end.” Over 80 countries already have requested emergency aid from the International Monetary Fund.
======

We are getting fuc*ed aren’t we confused pensive

7 Comments  |  
8 Dimers
Missing
Deal Subedar
268
1263
16

Good time to move away from China, the rest of the world can do it though we need the will & a bit lots of funding!

Missing
Deal Cadet
102
566
7

China’s bioterrorism worked. Other countries fall huge when compared to China. Only untill now.Expected more. China protected their financial hubs Beijing and Shanghai.. hard to believe 15+ deaths in both those citieshttps://cdn0.desidime.com/attachments/photos/610004/original/Screenshot_2020-03-28-01-23-30-434_com.twitter.android.png?1585339012

Missing
Deal Cadet
188
554
5

No one can predict recession….not even experts…

Missing
Blogger
373
2860
61
flawlessking wrote:

No one can predict recession….not even experts…

Yes everyone will be active after the event. We said this and that. But a lot of economists and wannabe experts, like me (No real knowledge, a bit from here and there and hawabaji) were anticipating a recession. But it would come in form of this was beyond my wildest fantasies.

Missing
Entertainer
57
36103
366

Not the recession, it is Socio-Economic Depression. Staying happy is the need of the hour. Focus on urgent needs, minimize wastage & cut down expenses.

Missing
Deal Lieutenant
194
4179
55

Which means we can see Nifty around 5000-6000 soon??

Missing
Deal Cadet
53
619
7

we r looking at civil unrest too, if govt doesn’t come to aid ppl financially

Missing