A clear warning from the United Nations Conference on Trade and development is that the current economic course being followed by central banks will tip the world economy into a deep recession.
The world is headed towards a global recession and prolonged stagnation unless we quickly change the current policy course of monetary and fiscal tightening in advanced economies.
Supply-side shocks, waning consumer and investor confidence and the war in Ukraine have provoked a global slowdown and triggered inflationary pressures.
All regions will be affected, but alarm bells are ringing most for developing countries, many of which are edging closer to debt default. Climate stress is intensifying, with mounting loss and damage in vulnerable countries who lack the fiscal space to deal with disasters, let alone invest in their own long-term development.
Thank you for pointing to the effect on those in the developing world.
Mike is correct …………..
Here is one of the canary’s in the coal mine ,,, although it is more like a elephant standing on your foot…. .
……. “Markets
Goldman Sees $2 Trillion Surge in Europe Energy Bills by 2023”
“Energy bills for European households will surge by 2 trillion euros ($2 trillion) at their peak early next year,”
Jacinda must be proud to be Europe’s favorite daughter …..Slava Ukraine as the clown leadership chorus goes. ,,,, Slava poverty for the citizens.
Making Orr responsible for both keeping unemployment low and controlling the rate of inflation was a big mistake as you cannot service both and look good . Bank rate is for the bankers to look after employment has to be the government me t of the day.
Define low unemployement.
One hour paid work literally counts as employed. Mind if you work for an hour and get a food parcel from the local charity for helping out that too counts as gainful employment.
The fake unemployment numbers in NZ currently really are the biggest of all lies. If we really had that awesome unemployment we would have a better economy as people would actually have some money to spend. But that is not happening.
So somewhere the truth is massaged into nothingness in order to make good news.
Btw, pre-election report form Rotorua from a few month ago put local unemployment at 11%.
Well, fuck the canary and fuck the coal mine. The reason I write that is because, in reality land, it don’t matter none.
Unless we’re physically invaded and are literally marched off to prison we’re all fine. Far more finer that the MSM would dare to have us realise we are.
There’s only five million of us on a huge land area in relation to our population and if that’s not security enough for you to get a good night’s sleep, our farmers who are our primary industry, can grow/make enough food to feed more millions than here ( @ 5.2 Mil) and Australia ( @25.69 mil) combined. Personally, as a farmer, I think that number’s very, very modest. I think we could also throw in South Africa ( @ 60.14 mil ) and Argentina ( @ 45.60 mil) too. So we’ve got the southern hemisphere covered, right?
The problem is, we’ve been so conditioned, so conned and swindled by successive bullshit artists in suits rambling on in well rounded vowels that we’ve lost sight of our common sense and vitally, a comical ability to muse about different scenario’s other than the ones rammed down our throats and shoved up our arses. All that ramming and shoving, by the way, is always bias to the fucking banksters who steal our money at many billions a year while the fucking Red Cross get all cross eyed about down-trodden-neighborhood poverty. For fucks sake! What’s it going to take. For God, riding a pink unicorn to gallop by and burn those truths into the side of Aoraki/Mount Cook with His laser-beam eye ray’s?
roger’s plan is embedded in our hearts, minds and politics. His cronies are now so well healed they’re not going to allow us to come to realise that roger’s plan was to fuck us over then run with the money and them in tow.