{"id":403,"date":"2022-10-17T03:17:57","date_gmt":"2022-10-17T03:17:57","guid":{"rendered":"https:\/\/mediasmix.com\/?p=403"},"modified":"2022-10-17T18:03:34","modified_gmt":"2022-10-17T18:03:34","slug":"imf-world-bank-warn-of-global-recession","status":"publish","type":"post","link":"https:\/\/mediasmix.com\/?p=403","title":{"rendered":"IMF, World Bank Warn of Global Recession"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">worldbank.org<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.worldbank.org\/en\/news\/press-release\/2022\/09\/15\/risk-of-global-recession-in-2023-rises-amid-simultaneous-rate-hikes\" target=\"_blank\" rel=\"noreferrer noopener\">Risk of Global Recession in 2023 Rises Amid Simultaneous Rate Hikes<\/a><\/p>\n\n\n\n<p class=\"has-black-color has-text-color wp-block-paragraph\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-10-10\/imf-world-bank-warn-of-increasing-risk-of-global-recession\">https:\/\/www.bloomberg.com\/news\/articles\/2022-10-10\/imf-world-bank-warn-of-increasing-risk-of-global-recession<\/a><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"jetpack-video-wrapper\"><iframe title=\"IMF Sounds the Alarm on a Global Recession\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/8AdT3OghL3c?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Oct 11, 2022 IMF Chief Economist Pierre-Olivier Gourinchas discusses the IMF&#8217;s reduced forecast for global economic growth in 2023 and says inflation will come down very gradually. He speaks with Danni Burger and Alix Steel on &#8220;Bloomberg Markets.&#8221; The IMF warned of a worsening outlook for the global economy, highlighting that efforts to manage the highest inflation in decades may add to the damage from the war in Ukraine and China&#8217;s slowdown.<\/p>\n\n\n\n<h1 class=\"wp-block-heading\">World Bank warns globe may be heading for 2023 recession<\/h1>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"jetpack-video-wrapper\"><iframe title=\"World Bank warns globe may be heading for 2023 recession\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/U0o1iz0A4ik?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Sep 19, 2022 World Bank President David Malpass joins CNBC&#8217;s &#8216;Squawk Box&#8217; to discuss global inflation and the potential for a recession in 2023.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"has-black-color has-text-color wp-block-heading\"><strong><a href=\"https:\/\/amzn.to\/3SdAVj3\" target=\"_blank\" rel=\"noreferrer noopener\">Debt, the IMF, and the World Bank: Sixty Questions, Sixty Answers<\/a><\/strong><\/h2>\n\n\n\n<div class=\"wp-block-media-text alignwide is-stacked-on-mobile\"><figure class=\"wp-block-media-text__media\"><a href=\"https:\/\/amzn.to\/3SdAVj3\" target=\"_blank\" rel=\"noreferrer noopener\"><img data-recalc-dims=\"1\" fetchpriority=\"high\" decoding=\"async\" width=\"635\" height=\"1024\" src=\"https:\/\/i0.wp.com\/mediasmix.com\/wp-content\/uploads\/2022\/10\/Debt-the-IMF-and-the-World-Bank-Sixty-Questions-Sixty-Answers-paperback-economist-countries-wealth-economy-international-monetary-fund-foreign-debt-history-system-1.jpg?resize=635%2C1024&#038;ssl=1\" alt=\"\" class=\"wp-image-414 size-full\" srcset=\"https:\/\/i0.wp.com\/mediasmix.com\/wp-content\/uploads\/2022\/10\/Debt-the-IMF-and-the-World-Bank-Sixty-Questions-Sixty-Answers-paperback-economist-countries-wealth-economy-international-monetary-fund-foreign-debt-history-system-1.jpg?resize=635%2C1024&amp;ssl=1 635w, https:\/\/i0.wp.com\/mediasmix.com\/wp-content\/uploads\/2022\/10\/Debt-the-IMF-and-the-World-Bank-Sixty-Questions-Sixty-Answers-paperback-economist-countries-wealth-economy-international-monetary-fund-foreign-debt-history-system-1.jpg?resize=186%2C300&amp;ssl=1 186w, https:\/\/i0.wp.com\/mediasmix.com\/wp-content\/uploads\/2022\/10\/Debt-the-IMF-and-the-World-Bank-Sixty-Questions-Sixty-Answers-paperback-economist-countries-wealth-economy-international-monetary-fund-foreign-debt-history-system-1.jpg?w=700&amp;ssl=1 700w\" sizes=\"(max-width: 635px) 100vw, 635px\" \/><\/a><\/figure><div class=\"wp-block-media-text__content\">\n<p class=\"wp-block-paragraph\">Mainstream economists tell us that developing countries will replicate the economic achievements of the rich countries if they implement the correct \u201cfree-market\u201dpolicies. But scholars and activists Toussaint and Millet demonstrate that this is patently false. Drawing on a wealth of detailed evidence, they explain how developed economies have systematically and deliberately exploited the less-developed economies by forcing them into unequal trade and political relationships. Integral to this arrangement are the international economic institutions ostensibly created to safeguard the stability of the global economy\u2014the International Monetary Fund (IMF) and the World Bank\u2014and the imposition of massive foreign debt on poor countries. The authors explain in simple language, and ample use of graphics, the multiple contours of this exploitative system, its history, and how it continues to function in the present day.<br>Ultimately, Toussaint and Millet advocate cancellation of all foreign debt for developing countries and provide arguments from a number of perspectives\u2014legal, economic, moral. Presented in an accessible and easily-referenced question and answer format, Debt, the IMF, and the World Bank is an essential tool for the global justice movement.<\/p>\n<\/div><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/amzn.to\/3SdAVj3\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/amzn.to\/3SdAVj3<\/a><a href=\"https:\/\/www.youtube.com\/c\/CNBCtelevision\"><\/a><\/p>\n\n\n\n<iframe sandbox=\"allow-popups allow-scripts allow-modals allow-forms allow-same-origin\" style=\"width:120px;height:240px;\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" frameborder=\"0\" src=\"\/\/ws-na.amazon-adsystem.com\/widgets\/q?ServiceVersion=20070822&amp;OneJS=1&amp;Operation=GetAdHtml&amp;MarketPlace=US&amp;source=ss&amp;ref=as_ss_li_til&amp;ad_type=product_link&amp;tracking_id=mediasmix0e-20&amp;language=en_US&amp;marketplace=amazon&amp;region=US&amp;placement=1583672222&amp;asins=1583672222&amp;linkId=0f9a5e1d2c5a5ef2cd962ed7f6bfb518&amp;show_border=true&amp;link_opens_in_new_window=true\"><\/iframe>\n\n\n\n<script type=\"text\/javascript\">\namzn_assoc_tracking_id = \"mediasmix0e-20\";\namzn_assoc_ad_mode = \"manual\";\namzn_assoc_ad_type = \"smart\";\namzn_assoc_marketplace = \"amazon\";\namzn_assoc_region = \"US\";\namzn_assoc_design = \"enhanced_links\";\namzn_assoc_asins = \"1583672222\";\namzn_assoc_placement = \"adunit\";\namzn_assoc_linkid = \"f971add05513c32cfa482069d871e715\";\n<\/script>\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong><a href=\"https:\/\/amzn.to\/3eFfwBQ\" target=\"_blank\" rel=\"noreferrer noopener\">How the World Bank and the International Monetary Fund Work (Real World Economics)<\/a><\/strong><\/p>\n\n\n\n<div class=\"wp-block-media-text alignwide is-stacked-on-mobile\"><figure class=\"wp-block-media-text__media\"><a href=\"https:\/\/amzn.to\/3eFfwBQ\" target=\"_blank\" rel=\"noreferrer noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" width=\"359\" height=\"500\" src=\"https:\/\/i0.wp.com\/mediasmix.com\/wp-content\/uploads\/2022\/10\/How-the-World-Bank-and-the-International-Monetary-Fund-Work-Real-World-Economics-global-economy-imf-organization-superpowers-mechanics-global-globalized.jpg?resize=359%2C500&#038;ssl=1\" alt=\"\" class=\"wp-image-423 size-full\" srcset=\"https:\/\/i0.wp.com\/mediasmix.com\/wp-content\/uploads\/2022\/10\/How-the-World-Bank-and-the-International-Monetary-Fund-Work-Real-World-Economics-global-economy-imf-organization-superpowers-mechanics-global-globalized.jpg?w=359&amp;ssl=1 359w, https:\/\/i0.wp.com\/mediasmix.com\/wp-content\/uploads\/2022\/10\/How-the-World-Bank-and-the-International-Monetary-Fund-Work-Real-World-Economics-global-economy-imf-organization-superpowers-mechanics-global-globalized.jpg?resize=215%2C300&amp;ssl=1 215w\" sizes=\"(max-width: 359px) 100vw, 359px\" \/><\/a><\/figure><div class=\"wp-block-media-text__content\">\n<p class=\"wp-block-paragraph\">The World Bank and the International Monetary Fund (IMF) are the bankers of the global economy. The World Bank helps impoverished economies become profitable by offering financial assistance. The IMF is the organization that provides international cooperation among the world&#8217;s economic superpowers. Readers are provided with explanations of the inner workings of both organizations in this informative volume. In addition, this view into the mechanics of global economics offers insight to readers about just how interdependent we all are in this globalized age.<\/p>\n<\/div><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/amzn.to\/3eFfwBQ\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/amzn.to\/3eFfwBQ<\/a><\/p>\n\n\n\n<a href=\"https:\/\/www.amazon.com\/World-Bank-International-Monetary-Economics\/dp\/1448867878?crid=1IDYXZ2FO2SE9&amp;keywords=world+bank+group&amp;qid=1666025869&amp;qu=eyJxc2MiOiIwLjAwIiwicXNhIjoiMC4wMCIsInFzcCI6IjAuMDAifQ%3D%3D&amp;sprefix=world+bank+group%2Caps%2C330&amp;sr=8-4&amp;linkCode=li3&amp;tag=mediasmix0e-20&amp;linkId=bf1bd6014e98910fd0b5b7d1cda893b2&amp;language=en_US&amp;ref_=as_li_ss_il\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" border=\"0\" src=\"\/\/ws-na.amazon-adsystem.com\/widgets\/q?_encoding=UTF8&amp;ASIN=1448867878&amp;Format=_SL250_&amp;ID=AsinImage&amp;MarketPlace=US&amp;ServiceVersion=20070822&amp;WS=1&amp;tag=mediasmix0e-20&amp;language=en_US\"><\/a><img decoding=\"async\" src=\"https:\/\/ir-na.amazon-adsystem.com\/e\/ir?t=mediasmix0e-20&amp;language=en_US&amp;l=li3&amp;o=1&amp;a=1448867878\" width=\"1\" height=\"1\" border=\"0\" alt=\"\" style=\"border:none !important; margin:0px !important;\">\n\n\n\n<iframe sandbox=\"allow-popups allow-scripts allow-modals allow-forms allow-same-origin\" style=\"width:120px;height:240px;\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" frameborder=\"0\" src=\"\/\/ws-na.amazon-adsystem.com\/widgets\/q?ServiceVersion=20070822&amp;OneJS=1&amp;Operation=GetAdHtml&amp;MarketPlace=US&amp;source=ss&amp;ref=as_ss_li_til&amp;ad_type=product_link&amp;tracking_id=mediasmix0e-20&amp;language=en_US&amp;marketplace=amazon&amp;region=US&amp;placement=1448867878&amp;asins=1448867878&amp;linkId=5bbe92ce3ea641ec2b0aeadf284078ec&amp;show_border=true&amp;link_opens_in_new_window=true\"><\/iframe>\n\n\n\n<script type=\"text\/javascript\">\namzn_assoc_tracking_id = \"mediasmix0e-20\";\namzn_assoc_ad_mode = \"manual\";\namzn_assoc_ad_type = \"smart\";\namzn_assoc_marketplace = \"amazon\";\namzn_assoc_region = \"US\";\namzn_assoc_design = \"enhanced_links\";\namzn_assoc_asins = \"1448867878\";\namzn_assoc_placement = \"adunit\";\namzn_assoc_linkid = \"7f4aa25f708c0cebcc14ed158728bf39\";\n<\/script>\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n","protected":false},"excerpt":{"rendered":"<p>worldbank.org Risk of Global Recession in 2023 Rises Amid Simultaneous Rate Hikes https:\/\/www.bloomberg.com\/news\/articles\/2022-10-10\/imf-world-bank-warn-of-increasing-risk-of-global-recession Oct 11, 2022 IMF Chief Economist Pierre-Olivier Gourinchas discusses the IMF&#8217;s&#8230;<\/p>\n","protected":false},"author":1,"featured_media":421,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[13,97,376],"tags":[485,479,200,510,490,481,57,497,494,208,505,476,500,482,489,496,474,467,506,472,503,488,180,465,483,491,498,484,207,492,487,471,509,486,507,475,493,473,478,470,469,504,468,501,495,508,502,480,499,466,477],"class_list":["post-403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-finance","category-news","tag-485","tag-america","tag-bloomberg","tag-book","tag-central","tag-central-bank","tag-china","tag-countries","tag-debt","tag-donald-trump","tag-economics","tag-economies","tag-economist","tag-economy","tag-financial-crises","tag-foreign","tag-gdp","tag-global","tag-global-economy","tag-global-recession","tag-globalized","tag-hikes","tag-history","tag-imf","tag-inflation","tag-interest-rate","tag-international-monetary-fund","tag-investor","tag-joe-biden","tag-labor-market","tag-market","tag-markets","tag-mechanics","tag-monetary","tag-organization","tag-pandemic","tag-paperback","tag-points","tag-president","tag-rate","tag-rate-hikes","tag-real-world","tag-recession","tag-sixty-answers","tag-sixty-questions","tag-superpowers","tag-system","tag-usa","tag-wealth","tag-world-bank","tag-world-bank-group"],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/mediasmix.com\/wp-content\/uploads\/2022\/10\/global-recession-world-bank-2023-interest-rate-hikes-central-financial-crises-market-economies-investor-inflation-pandemic-points-gdp-world-bank-group-economy-usa-china-america-monetary.jpg?fit=371%2C500&ssl=1","_links":{"self":[{"href":"https:\/\/mediasmix.com\/index.php?rest_route=\/wp\/v2\/posts\/403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mediasmix.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mediasmix.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mediasmix.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mediasmix.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=403"}],"version-history":[{"count":5,"href":"https:\/\/mediasmix.com\/index.php?rest_route=\/wp\/v2\/posts\/403\/revisions"}],"predecessor-version":[{"id":427,"href":"https:\/\/mediasmix.com\/index.php?rest_route=\/wp\/v2\/posts\/403\/revisions\/427"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mediasmix.com\/index.php?rest_route=\/wp\/v2\/media\/421"}],"wp:attachment":[{"href":"https:\/\/mediasmix.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mediasmix.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mediasmix.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}