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The International Monetary Fund (IMF) is warning that the world must brace for a significant economic slowdown, explosive inflation, and potential violent societal unrest due to skyrocketing energy and food prices as famine and depression loom in the wake of the Russian invasion of Ukraine.
The IMF is predicting that Ukraine’s economy will catastrophically contract by more than a third which is unprecedented in modern times, according to Sky News. “BREAKING: The world must brace itself for an economic slowdown, a burst in inflation and a potential wave of social unrest as energy and food prices rise to intolerable levels, the IMF has warned,” the news outlet tweeted.
The Russian economy is expected to be hit by the biggest recession it has seen since the fall of the Soviet Union. It will contract by 8.5 percent this year as sanctions from the U.S. and Europe bite.
But it’s not just those two countries that are being impacted. The IMF is saying that almost all countries will contract due to the war, potentially leading to worldwide devastation. It emphasized that the global economic outlook has “worsened significantly” since January.
BREAKING: The world must brace itself for an economic slowdown, a burst in inflation and a potential wave of social unrest as energy and food prices rise to intolerable levels, the IMF has warned.@EdConwaySky analyses the latest World Economic Outlook.https://t.co/E8ESLWuBjA pic.twitter.com/RpBpICRxxa
— Sky News (@SkyNews) April 19, 2022
“The economic effects of the war are spreading far and wide – like seismic waves that emanate from the epicenter of an earthquake,” Pierre-Olivier Gourinchas, who is the IMF’s recently-appointed chief economist stated.
“In the matter of a few weeks, the world has yet again experienced a major, transformative shock. Just as a durable recovery from the pandemic-induced global economic collapse appeared in sight, the war has created the very real prospect that a large part of the recent gains will be erased,” he pointed out.
“The long list of challenges calls for commensurate and concerted policy actions at the national and multilateral levels to prevent even worse outcomes and improve economic prospects for all,” Gourinchas put forth, seemingly suggesting a radical solution like The Great Reset.
All part of the plan…. But we were called conspiracy theorists! 😂😂😂
— ArsenalPC (@Arsenalfanblog) April 20, 2022
Not good
— Chris Lorimer (@lorimerDevon) April 19, 2022
Russia is a major provider of oil and metals to the world, and Russia and Ukraine together are suppliers of wheat and corn which have sharply risen in price, further highlighting the specter of hunger on the global stage.
Projections of global growth were slashed for 2022 and 2023 by the IMF from 4.4 percent to 3.6 percent, which is a sharp deceleration from growth of 6.1 percent in 2021, according to CNN Business.
The forecast for inflation spreading and exploding across the globe is also deeply worrisome. The IMF now says that inflation will increase in most economies. It expects that the consumer price index will average 7.7 percent in the US in 2022 which may be overly optimistic as many experts contend it will rise much more than that. Inflation in the U.S. and U.K. are at multi-decade highs currently.
“There is a rising risk that inflation expectations become de-anchored, prompting a more aggressive tightening response from central banks,” the IMF warned.
Front and center as the IMF gather in DC this spring is the possibility of social unrest in many countries, including the United States, due to the high prices of food and energy as people find they can no longer feed their families or afford to drive to work.
“The war in Ukraine has increased the probability of wider social tensions in the near term through two main channels,” the IMF asserted.
Ukraine asks the IMF for $5 billion a month for the "functioning of the economy" in the next quarter, said the head of the fund
🤣🤣🤣
— Levi (@Levi_godman) April 20, 2022
“The first is a further sharp rise in global fuel and food prices-a particular concern in emerging market and developing economies with limited fiscal space that are highly dependent on energy and food imports for basic consumption. This could intensify commodity hoarding, export controls, and domestic restrictions-with further knock-on effects on supply disruptions, prices, and social unrest,” the fund predicted.
“The second is the longer-term impact of the humanitarian crisis,” the IMF head added, stating that “large refugee inflows may exacerbate preexisting social tensions and fuel unrest,” according to Politico.
According to CNN Business, Goldman Sachs put the likelihood of a U.S. recession at 15% in the next 12 months and 35% within the next 24 months.
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7 thoughts on “IMF warns of energy, food prices rising to intolerable levels, bringing about ‘social unrest’”
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Don’t blame this on the Ukraine war. It has been planned by the globalists and Central Bank from the beginning. They have already burned down about 50 food processing plants in the US. Since Agenda 21 has been successful, they are full speed ahead to bring about Agenda 30.
Society is really starting to break down-People are just loading up shopping carts and walking out the front door of Walmart, Costco, etc. Employees are told to do nothing. Even if they are caught by a cop that happens to be in the area- most are just let go or issued a ticket- we all pay for this in higher prices which drives the never ending spiral. Harsh law and order must be restored or we are screwed
Things like food shortages, high gas prices, COVID scare tactics, and climate crap were here long before Russia and the Ukraine decided to dance. The food shortages are because Biden wasn’t paying attention to the shipping ports – or maybe they were and they just wanted us to think that it just happened all of the sudden. Gas prices – BEFORE Russia/Ukraine. COVID scare tactics – coming around AGAIN and well before Russia/Ukraine. Climate – give me a break! Just a tactic to ban gas fed cars and replace them with EVs so Ford and Chevy can make HUGE political donations and the working and lower class won’t be free to roam the country. Besides, with all the volcanic action right now, we’ll never get pollution taken care of. Just put a big sucking vacuum hose through the exosphere and pump it into space. Better yet, grow more trees, more gardens, more plant life. And, I do hope everyone is putting together a vegetable garden NOW. It will help later when you won’t have to go through the government bread lines. Plant in boxes, planters, coffee cans, whatever you can find.
I think wild rumors and caution about food shortages are US Media Fake News, Fox included. Covid, Climate. Again, Panic without Proof. Globalist / US Intel Propaganda?
Russia is a major provider of oil and metals to the world, and Russia and Ukraine together are suppliers of wheat and corn which have sharply risen in price, further highlighting the specter of hunger on the global stage.”
The US can produce enough corn, wheat, oil and iron ore to keep us supplied and even export excesses if government will not interfere. Decades of ceding production of these staples to other countries and following insane production limits have made us depenfant upon them. America first!
This is part and parcel of the NWO
s plan to destabilize, then, bring down all western developed countries, so that world wide, Chinese style, techno totalitarianism can be imposed. If successful, the NWO will make Hitlers 1000 year Reich look piddling.Another Marxist left tool. The upper crust left can afford it of course just like gas prices and EVs. But the lower levels will wonder what hit them. I worry there may be another party in power by then that will catch the brunt of the rebellion that it will cause.
None of this is by accident.