IMF Says China and India are the Only Countries That Matter in the New Economy

Previously: IMF Says Global Economic Outlook Worst Since 1990s

No one could have predicted something like this would happen.

The US and Europe were so good at playing hot potato and moving around worthless financial liabilities.

RT:

The global economic slowdown will continue this year, but Asia will remain “a bright spot,” says the International Monetary Fund (IMF).

India and China will account for half of the global growth, with “some momentum” expected to come from emerging economies, according to IMF Managing Director Kristalina Georgieva.

The IMF chief forecast the world’s economy to grow at less than 3% in 2023, in line with the fund’s January estimate of 2.9%. Georgieva said the pattern would remain over the next five years, since the period of slower economic activity should be prolonged.

…

According to IMF projections, poverty and hunger, which measurably increased during the Covid-19 pandemic, could still grow further.

I have yet to see any valid argument against letting poor people starve.

I don’t think they will starve, but assuming you thought that, why would you be against it?

Seriously, bro – things are tough all over.

We can’t be responsible for babysitting the entire planet.