Topic: [The Guardian] IMF has no experience of recession arriving with such ferocity | Larry Elliott (Read 870 times)

« **on:** April 15, 2020, 01:36:35 AM »

IMF has no experience of recession arriving with such ferocity | Larry Elliott

Recovery will take some time as countries will exit Covid-19 lockdown only gradually

In 1941, Britain considered its colony of Singapore to be pretty much impregnable. But while the naval base was bristling with big guns, its defences were geared towards preventing a sea-based invasion and when the attack came it was on land, down the Malay peninsula. Britain was expecting trouble, just not from that direction.

The same fate has befallen the International Monetary Fund and the Office for Budget Responsibility, both of which have been forced to rip up their forecasts as a result of Covid-19. Both organisations knew there was potential for things to go wrong: they simply did not spot the likely cause.

Continue reading...
Source: IMF has no experience of recession arriving with such ferocity | Larry Elliott

Feeds culled from https://www.theguardian.com/uk/rss

Subject / Started by	Replies	Last post
Mass sack in BusinessDay, The Guardian as recession bites harder Started by olutee Newspaper Board	0 Replies 1117 Views	April 29, 2017, 01:08:55 AM by olutee
Global Economic Recession: Lessons From The Egypt Experience Started by flukky-2 Newspaper Board	0 Replies 826 Views	September 27, 2017, 01:03:09 AM by flukky-2
[The Guardian] I had zero experience in a writers’ room. Then I was offered my dream job in LA Started by The Guardian Corona Virus	0 Replies 1135 Views	March 16, 2020, 01:10:08 AM by The Guardian
[The Guardian] US stimulus package may be massive but it won’t be enough \| Larry Elliott Started by The Guardian Corona Virus	0 Replies 1070 Views	March 26, 2020, 07:04:46 AM by The Guardian
[The Guardian] Saudis gambling on game of oil-price chicken \| Larry Elliott Started by The Guardian Corona Virus	0 Replies 1039 Views	March 31, 2020, 01:03:35 PM by The Guardian
[The Guardian] Gordon Brown on Covid-19, recession and Trump: 'When there’s a crisis you have to act quickly' Started by The Guardian Corona Virus	0 Replies 1047 Views	April 17, 2020, 01:06:58 AM by The Guardian
[The Guardian] A community out of time: Larry Towell’s images of Mennonite families Started by The Guardian Corona Virus	0 Replies 619 Views	April 12, 2022, 01:01:38 AM by The Guardian
[The Guardian] An immersive Van Gogh experience and a volcanic eruption: Tuesday’s best photos Started by The Guardian Corona Virus	0 Replies 936 Views	April 12, 2023, 07:01:31 PM by The Guardian
[The Guardian] Larry Sultan’s painterly photographs of swimmers Started by The Guardian Corona Virus	0 Replies 568 Views	June 05, 2023, 07:00:37 PM by The Guardian
[The Guardian] The big picture: Elliott Erwitt’s lifelong love of dogs Started by The Guardian Corona Virus	0 Replies 530 Views	December 12, 2023, 01:05:02 PM by The Guardian

Topic: [The Guardian] IMF has no experience of recession arriving with such ferocity | Larry Elliott (Read 870 times)

[The Guardian] IMF has no experience of recession arriving with such ferocity | Larry Elliott

Related Topics