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The Saker
A bird's eye view of the vineyard

offsite link Ukraine SITREP (as seen from Hungary) Wed Feb 24, 2021 22:57 | The Saker
Intro by the Saker: following my article on the situation in the Ukraine, I got the following email from a reader from Budapest: “You mention about how the Ukrainian government

offsite link The Ukraine?s many ticking time bombs Wed Feb 24, 2021 00:52 | The Saker
[this analysis was written for the Unz Review] While the Ukraine has mostly been out of the news, there were bigger stories out there, things have gone disastrously wrong under

offsite link Russia Showcases Operations Of Its Combat Drones In Syria. Time To Push Idlib? Tue Feb 23, 2021 17:35 | amarynth
South Front Russia released a video showing its Orion combat drone carrying out strikes on targets in Syria. This marked the very first time such footage was being released. It

offsite link Moveable Feast Cafe 2021/02/23 ? Open Thread Tue Feb 23, 2021 16:30 | Herb Swanson
2021/02/23 16:30:04Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of

offsite link Nasrallah ? It was groups trained by Soleimani that drove US army out of Iraq in 2011 Mon Feb 22, 2021 22:02 | amarynth
Original link: http://middleeastobse... Description: In an extensive interview in late 2020, Hezbollah?s leader Sayyed Hassan Nasrallah provides a detailed explanation of the identity of the ?resistance groups? that he says were

The Saker >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link Mainstream media: Failing to speak truth to power

offsite link David Quinn’s selective tolerance Anthony

offsite link A Woulfe in judges clothing Anthony

offsite link Sarah McInerney and political impartiality Anthony

offsite link Did RTE journalists collude against Sinn Fein? Anthony

Public Inquiry >>

Human Rights in Ireland
A Blog About Human Rights

offsite link Poor Living Conditions for Migrants in Southern Italy Mon Jan 18, 2021 10:14 | Human Rights

offsite link Right to Water Mon Aug 03, 2020 19:13 | Human Rights

offsite link Human Rights Fri Mar 20, 2020 16:33 | Human Rights

offsite link Turkish President Calls On Greece To Comply With Human Rights on Syrian Refugee Issues Wed Mar 04, 2020 17:58 | Human Rights

offsite link US Holds China To Account For Human Rights Violations Sun Oct 13, 2019 19:12 | Human Rights

Human Rights in Ireland >>

Spirit of Contradiction

offsite link The Party and the Ballot Box Sun Jul 14, 2019 22:24 | Gavin Mendel-Gleason

offsite link On The Decline and Fall of The American Empire and Socialism Sat Jan 26, 2019 01:52 | S. Duncan

offsite link What is Dogmatism and Why Does It Matter? Wed Mar 21, 2018 08:10 | Sylvia Smith

offsite link The Case of Comrade Dallas Mon Mar 19, 2018 19:44 | Sylvia Smith

offsite link Review: Do Religions Evolve? Mon Aug 14, 2017 19:54 | Dara McHugh

Spirit of Contradiction >>

IMF Calls "Great Lockdown" Worst Economic Crisis Since the Great Depression

category international | economics and finance | news report author Tuesday April 14, 2020 21:54author by Kate Zeller - Jubilee USA Network Report this post to the editors

The IMF says we face the worst economic crisis since the Great Depression because of the coronavirus.

The IMF says we face the worst economic crisis since the Great Depression because of the coronavirus. As world leaders gather virtually for the Spring International Monetary Fund and World Bank Meetings, the Fund released its April World Economic Outlook Report, dubbing the crisis, the "Great Lockdown" and reporting that the global economy will lose at least $9 trillion in 2020 and 2021.

"This is the most frightening news the Fund has ever released on the status of our global economy," noted Jubilee USA Executive Director Eric LeCompte, who tracked IMF meetings and reports since the 2008 financial crisis. LeCompte's organization detailed a financial crisis plan to the IMF on March 23rd. "When you analyze what the IMF is actually saying, the message is things could even get worse and they really don't know how bad it can actually get."

The IMF report forecasts that if "lockdowns" and the spread of the virus becomes more limited in the Fall, we could see economic growth for some countries in 2021. However, those growth projections would already be below previous IMF 2021 growth projections.

The IMF report forecasts the economy will contract 3% in 2020 before coronavirus containment policies can be gradually loosened, with economic growth of 5.8% predicted as the economy stabilizes.

Over the next three days, the G7, G20, IMF and World Bank will meet to determine solutions to deal with the growing crisis.

"Urgent action is required by the IMF and G20 this week," stated LeCompte, a United Nations finance expert. "During the meetings this week world leaders must move forward aid, financing and debt relief for developed and developing countries so people can survive the devastating health and economic impacts of the coronavirus crisis."

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