IMF chief Kristalina Georgieva -
who earns a $500,000 TAX-FREE salary - says US recession would be a 'necessary price' to defeat inflation as lender slashed its growth forecast from 2.9% to 3.7%
The International Monetary Fund said in a report on Friday the United States is on course for a recession
But Managing Director Kristalina Georgieva said a recession would be 'a necessary price to pay' to defeat damaging inflation
The IMF slashed its US growth forecast to 2.9 percent from the 3.7 percent forecast in April, which was cut from the rate predicted at the start of the year
The move comes after the Federal Reserve issued its biggest increase in its benchmark lending rate in nearly 30 years last week
By 2023, the IMF says, growth is expected to slow to 1.7 percent, but 'narrowly avoid' a recession, and by 2024, growth will be at 0.8 percent
Experts say any recession is likely to be short-lived
The IMF is now urging Washington to remove punitive trade duties imposed by former President Trump
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Last Edited by Coastie Patriot on 06/25/2022 07:59 PMCoastie Patriot
SIC SEMPER TYRRANIS
THE SAME PEOPLE WHO SAID NO GUNS BECAUSE OF POLICE NOW WANT TO DEFUND THE POLICE!!!!
Dr Thaddeus They
They don't really care whether the truth gets out, because the public no longer knows what's meant by "the truth."
Well, I mean, no one can tell the difference anymore between what's real and what's fake.
Anyway, the point is, I can tell you all of this, right out in the open, because it doesn't matter who knows about it. They won't know whether to believe it or not.-
X Files: Lost art of Forehead Sweat
A gun is a tool, Marion, no better or no worse than any other tool, an axe, a shovel or anything. A gun is as good or as bad as the man using it. Remember that.
-SHANE-
Jefferson Smith: You see, boys forget what their country means by just reading The Land of the Free in history books. Then they get to be men they forget even more. Liberty's too precious a thing to be buried in books, Miss Saunders. Men should hold it up in front of them every single day of their lives and say: I'm free to think and to speak. My ancestors couldn't, I can, and my children will. Boys ought to grow up remembering that . - MR Smith Goes To Washington-
to grow up remembering th
My oath to support and defend the constitution against all enemies foreign and domestic has no expiration date!!!
Ten Bears : It's sad that governments are chiefed by the double tongues. There is iron in your words of death for all Comanche to see and so there is iron in your words of life. No signed paper can hold the iron. It must come from men. Outlaw Josey Wales
United States
