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The hilarious part about the economic collapse is that these people do not even claim anything is going to get better.
They just say “well, we’re going down – had to do it for the Ukraine democracy…”
Sometimes they vaguely say “we’ll come back in a few years” but they never explain why or how that would happen. The only logical explanation is that they will overthrow the Russian government and install a friendly regime and then begin trading again.
They’re not saying they’re going to start making energy in Europe. They burned that bridge with the global warming nonsense. Even NATO is saying they’re going to fight WWIII with wind-powered fighter jets. But this wind energy doesn’t work at all. Furthermore, they don’t have the materials to make millions of windmills.
The global economy should avoid a recession next year but the worst energy crisis since the 1970s will trigger a sharp slowdown with Europe hit hardest, the OECD said on Tuesday, urging central banks to keep hiking interest rates.
World economic growth is set to slow from 3.1% this year to 2.2% next year before accelerating to 2.7% in 2024, the Organisation for Economic Cooperation and Development said, marginally raising its 2022 forecast.
“Our central scenario is not a global recession, but a significant growth slowdown for the world economy in 2023, as well as still high, albeit declining, inflation in many countries,” acting OECD chief economist Alvaro Santos Pereira said in the organisation’s latest Economic Outlook.
The OECD said the global slowdown was hitting economies unevenly, with Europe bearing the brunt as Russia’s war in Ukraine both hits business activity and drives an energy price spike.
It forecast the euro zone economy would slow from 3.3% growth this year to 0.5% in 2023 before recovering to expand by 1.4% in 2024. That was slightly better than in the OECD’s last outlook in September, when 3.1% growth was estimated for this year and 0.3% in 2023.
It predicted a contraction of 0.3% next year in regional heavyweight Germany, whose industry-driven economy is highly dependent on Russian energy exports – less dire than the 0.7% slump expected in September.
Even in Europe outlooks diverged, with the French economy, which is far less dependent on Russian energy, expected to grow 0.6% next year. Italy was seen eking out 0.2% growth, which means several quarterly contractions are probable.
The important thing is that they still have more and more money to burn in the Ukraine.
Really, it doesn’t even matter if everyone in the world dies, as long as children in the Donbass get taught about the diversity of gender identity.
The @EU_Commission is disbursing a further €2.5 billion for Ukraine.
We are planning €18 billion for 2023, with funding disbursed regularly.
For urgent repairs and fast recovery leading to a successful reconstruction.
We will keep on supporting 🇺🇦 for as long as it takes. pic.twitter.com/X2bVI5PKe9
— Ursula von der Leyen (@vonderleyen) November 22, 2022
Russia’s bombs have destroyed schools in Ukraine, forcing children to long and sometimes dangerous commute.
The @EU_Commission is donating €14 million for school buses in Ukraine. But more is needed. #WorldChildrensDay pic.twitter.com/oerO2XUqk4
— Ursula von der Leyen (@vonderleyen) November 20, 2022
