Deeper Worldwide Recession Ahead Says Imf

[Vickie]

'Deeper' recession ahead says IMF By Steve Schifferes Economics reporter, BBC News The global economy is set to decline by 1.3% in 2009, in the first global recession since World War II, the International Monetary Fund (IMF) says. In January, the IMF had predicted world output would increase by 0.5% in 2009. It now projects that the UK will see its economy shrink by 4.1% in 2009, and by a further 0.4% in 2010. But other major economies are predicted to shrink even more, with Germany declining by 5.6%, Japan by 6.2%, and Italy by 4.4% in 2009. The prospects for the advanced economies are not much brighter in 2010, with an overall forecast of zero growth. ECONOMIC GROWTH FORECAST 2009 UK: -4.1% US: -2.8% Germany: -5.6% France: -3.0% Japan: -6.2% source: IMF The IMF says this represents "by far the deepest post-World War II recession" with an actual decline in output in countries making up 75% of the world economy. Currently, output is falling by an "unprecedented" 7.5% annual rate in the rich countries in the last quarter of 2008, and the IMF expects the same rate of decline in the first quarter of this year. Only a recovery in developing and emerging market countries will propel the world economy back into positive growth in 2010, albeit at a relatively weak level of 1.9%. The prospects for world trade are even gloomier, with the IMF now forecasting world trade volumes to decline by 11% in 2009, and barely grow at all in 2010. After 60 years as the engine of world growth, the sharp fall in trade is now hitting many of the leading exporting nations, particularly in Asia. Gloomy UK The IMF says that "the recession is expected to be... quite severe in the United Kingdom, which is being hit by the end of the boom in real estate and financial services". Developed economies such as Japan, the US and UK are in recession It is predicting that UK unemployment will rise to 9.2% by the end of 2010, compared to 6.7% at the moment. And it is warning that the UK budget deficit will rise to 11% of GDP, "reflecting mainly automatic stabilisers and asset-price related revenue shortfalls rather than discretionary stimulus". The UK is also facing the cost of paying for the banking bail-outs, which the IMF estimated in an earlier report at 9.4% of GDP, or £130bn, after correcting an earlier figure of £200bn. Financial problems At the heart of the crisis is the continuing overhang of losses in the financial sector, which the IMF now estimates at $4tn, four times higher than it projected just one year ago. And it warns that the current outlook is "exceptionally uncertain, with risks still weighting on the downside." It says the main risk is that "policies may be insufficient to arrest the negative feedback between deteriorating financial conditions and weakening economies in the face of limited public support for policy actions." Among the risks are that rising household and corporate debt cause further falls in asset prices and losses by financial institutions. And it says that any recovery will be slower than in the past. There will be a smaller financial sector, with financing harder to come by than in the past, especially for developing countries, which will cramp their growth. And rich countries will face the burden of reducing their budget deficits which have soared during the crisis, at a time when their ageing populations means they will have lower tax revenues. There is a Taxation spoken about In Daniel 11:20 to keep the royal splendor going. A time of testing for those destined for receiving the Mark of the Beast is fast approaching the whole earth as these reports are making it clear it is engulfing the whole earth.In addition, households may be reluctant to resume their previous spending habits, as saving rates have risen sharply in the US and the UK. The IMF says it is important to take urgent action to shore up the banks, and to continue with short-term fiscal stimulus plans, in order to shorten the length of the recession.

 

[Christina]

Obama is the biggest tax raiser in Histiry of the U.S. interesting when as you say Dan.11:20 is the Tax raiser but notice he is destroyed and verse 21 the vile persin who stands up this is Anntichrist (Satan) thats how close we are 20 Then shall stand up in his estatee a raiser of taxes in the glory of the kingdom: but within few days he shall be destroyed, neither in anger, nor in battle. 21 And in his estatef shall stand up a vile person, to whom they shall not give the honour of the kingdom: but he shall come in peaceably, and obtain the kingdom by flatteries.This is how Antichrist enter peacful and prosperously with flattiries (lies)

 

[HammerStone]

Christina, the Hebrew word for destroy is shabar which means along the line of breaking. I don't think this necessarily means he will be killed, in fact I think it means quite the opposite; a political defeat or breaking because its not in anger or battle; that really removes an assassination out of the picture, IMHO, which is what so many people think will happen. I don't. On top of that, the word rendered day can easily mean year -- just some thoughts about that particular verse; such a destructive policy as heavy taxation is plausible, just look at the tea parties. That's the tip of the proverbial iceberg. There are political forces out there akin to what happened in the American Revolutionary War, and they are merely brewing at this point, forming only a small dark cloud on the horizon.I personally believe we are currently in the eye without the use of radar; in other words, it's calmed down for the immediate future, but we don't know that this is really just the eye of a much larger and more powerful financial storm. The other eye-wall is coming, to use basic meteorological terms for an analogy. The scary part is that this is the worst part of the eye-wall. Unfortunately, this bear market rally will be easily offset by the wrong bad news at the right (or wrong, depending on how you look at it) time. Even more interestingly, what about the completion of a tax raise when the economy appears to be back on track, only to be hit hard by a recession or depression? Catastrophic.

 

[Vickie]

QUOTE (Denver @ May 2 2009, 10:48 PM) index.php?act=findpost&pid=73248
Christina, the Hebrew word for destroy is shabar which means along the line of breaking. I don't think this necessarily means he will be killed, in fact I think it means quite the opposite; a political defeat or breaking because its not in anger or battle; that really removes an assassination out of the picture, IMHO, which is what so many people think will happen. I don't. On top of that, the word rendered day can easily mean year -- just some thoughts about that particular verse; such a destructive policy as heavy taxation is plausible, just look at the tea parties. That's the tip of the proverbial iceberg. There are political forces out there akin to what happened in the American Revolutionary War, and they are merely brewing at this point, forming only a small dark cloud on the horizon.I personally believe we are currently in the eye without the use of radar; in other words, it's calmed down for the immediate future, but we don't know that this is really just the eye of a much larger and more powerful financial storm. The other eye-wall is coming, to use basic meteorological terms for an analogy. The scary part is that this is the worst part of the eye-wall. Unfortunately, this bear market rally will be easily offset by the wrong bad news at the right (or wrong, depending on how you look at it) time. Even more interestingly, what about the completion of a tax raise when the economy appears to be back on track, only to be hit hard by a recession or depression? Catastrophic.
I am in with you Denver. We are going down, Barack Hussein Obama is an Islamic name and he is of the Seed. He will bring America down and we will go into the birth canal. It won't be long before this whole things ignites. Let us all remember that it is the birth canal for us to born into the kingdom of God here on earth. God be with us all. Vickie