… The IMF noted that since the 2008 global financial crisis, amid fluctuations, the general trend for growth was down which would continue with global growth at the end of the decade falling to more than a percentage point below the pre-pandemic average. /1
… The IMF noted that since the 2008 global financial crisis, amid fluctuations, the general trend for growth was down which would continue with global growth at the end of the decade falling to more than a percentage point below the pre-pandemic average. /1
The IMF said this was a result of weak productivity, a fall back in globalisation as countries pursue increasingly nationalist economic policies, the misallocation of capital resources and increasing geopolitical turmoil. /2
…The class struggle does not usually get much of a mention in #IMF reports … . But on this occasion, it was referred to directly by the IMF chief as she warned that the fall in global growth could lead to “popular discontent” with the political establishment. 3/3