The World Economy Sliding Into First Recession Since 2009

BATTLE FOR WORLD / MSN | October 15, 2019: Analysts are concerned that the global economy is wobbling and could collapse; becomes the big question in financial markets, executive suites and corridors of power.

Investors were relieved Friday (Oct 11) as the U.S. accepts a partial trade agreement with China; and there were even signs the U.K. may reach an agreement in the Brexit divorce deal with the European Union. But debates continue swirling over how close the world is to its first recession since 2009.

Discussions are to be expected this week at the International Monetary Fund’s annual meeting in Washington DC; the organization that makes it their business to try and lure countries into debt. Ecuador is rebelling against the IMF and their draconian policies to cut the people’s needed subsidies.

The new boss of the IMF Kristalina Georgieva, sees a “serious risk” that the slowdown will spread, and on Tuesday (Oct 8) it’s likely to cut its 2019 global growth forecast from 3.2%, which is already the weakest since 2009.

With geopolitics never missing a beat, the U.S. is upset with Iran, who they blame, after a drone attack on Saudi Arabian oil fields. And in a recent twist an Iranian oil tanker caught fire after after two projectiles pierced its hall near the Saudi Arabian port of Jeddah on Friday (Oct 11) driving oil prices up. And protests in Iraq have turned violent, and Turkey has launched an offensive in Syria to remove terrorists cells protected by the US, with the US, the neocons and their allies pushing back to protect the terrorists from Turkey’s military operation. And marches in Hong Kong are having a negative effect and could push that economy into recession. Argentina is facing another fiscal crisis and could become unstable ousting a market-friendly government. And Ecuador, Peru and Venezuela also have political problems with the same cast of geopolitical characters playing dirty. An impeachment probe into Trump instigated by the neocons and their allies, as well as the 2020 election campaign could prompt the president to ramp up his anti-globalization agenda.

(In the Silent Revolution Of Truth, Compilation Edition, Volume 1, “enhanced”, the free PDF book: Download and read about how Donald Trump will set out against globalization and also against the USA interfering in foreign countries, page 828. And how ranks of fanatical Democrats have turned against Trump, page 827. Note: Use the page number display located at top right to find the correct page. UPDATED, PDF Format – Links: Book Summary | and Download Book Volume 1)

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