World Bank Forecasts Worst Recession Since World War II

Jun.08 -- The World Bank expects global growth to contract 5.2% this year, causing the worst recession since World War II, following lockdowns due to the coronavirus pandemic. Ayhan Kose, Prospects Group director at World Bank, explains on "Bloomberg Markets: European Close."

[heymikey]

Recession for the middle class and poor while the rich just keeps on getting richer!!! Makes me think maybe that was the plan all along!!! 🤔..

[cancerfourer]

Banker Wankers knew all along and have just played along since banks were created...

[kalsangkelly]

MORE THE BAD NEWS, HIGHER THE STOCK MARKET RISE.
BAD NEWS FROM WORLD BANK WILL TRIGGER RISE IN STOCK MARKET. THAT'S WHY I ❤️ FEDERAL RESERVE PRIVATE LIMITED BANK.
SCREW THE GDP, FED IS THE NEW MARKET

[SpeedOfDarknesss]

Sounds about right, It’s one heck of a demand shock. Demand will recover eventually but it probably won’t be that fast.

[jeffrey]

before moving to new topics shouldn't we answer why the repo market went to 10% before the virus in Sept last year and why the federal reserve had to then and now still support the repo market or the economy would be colapsed as I type

[edwardlee]

Talking about recover ? As our debt will be increased by $10 more trillium and the interest paid per year for this newly increased new debt of $10 T will be $300B, this will be counted as 1.4% of our current GDP of $21 Trillium, well how can our increased by 3.5%, do we not need to pay the interest for the new $10 T debt ? Pure dreaming

[morningrays]

Extraordinary measures---> Extraordinary inflation.

[primaryrage]

I hope he doesn't ask her to flip a coin...

[jameslaplant]

Thank goodness they bailed out the stock market would it be no good news

[richardmayger]

Want to stimulate the economy? Forgive all public debt.

[angusm]

These knuckleheads have predicted 7 of the last 3 recessions.

[jongjonggumaling]

Back to gold resistion...
Gold back up...
The world bank sit up by ferdinand marcos ang jose rizal that facility...
Said by karen hudes former layer of world bank and imf....

[GiorgioHouse]

Worst Recession ever and the Nasdaq at all-time high (10K)...that means that when the recession ends we'll see the Nasdaq at 30K

[janesmith]

Save... Get out of all debt.. Try hard.

[ashmansukhani]

Alex I miss your presence on the morning Bloomberg hosting interviews in Torontocome back soon it's pretty boring without you

[edwardlee]

80% of our economy depending on the consumer's consumption, with 40 millions of the population is under proverty line officially with almost no consumption power, and more middle class are falling under poverty line every year, so, where is the growth ? not to mention that with over 25 to 30 T of debt which needs to pay interest to sustain the debt every year . We will be lucky if we not end up with negative growth every year after the debt is sustained . from now on, we already passed the line, every year we will need to issue new debt and pay more interest, and to a level when out GDP can not grow fast enough to pay the interest of debt which increase every year, then that is the end of the economy

[janes]

He danced around the inflation question which is the elephant in the room.

[skipmatsey]

If you favor debt forgiveness, you must be prepared to have your pension reduced, your 401k diminished and your savings curtailed. There is no free lunch.

[MoMotivation]

Jesus saves & is the only one whom can save; especially as this world gets darker & darker. Learn of Him now b4 its too late. He died for you & rose again so you might be saved & have everlasting life.

[bimosp]

SO WHAT IS IT BE GOOD BUSSINES AT CORONA PANDEMIC ????