>World GDP will fall 3.8pc this year, said the International Monetary Fund last week, more than during the Great Depression of the Thirties. And in 2009, the global economy shrunk just 0.1pc.
>more than during the Great Depression of the Thirties >more than during the Great Depression of the Thirties >more than during the Great Depression of the Thirties >more than during the Great Depression of the Thirties >more than during the Great Depression of the Thirties
>Globalisation is by no means over. But the process of economic integration will certainly now slow and become more circumspect. I don’t expect China will be building the UK’s 5G network, for instance.
>With developed economies set to shrink 6.1pc on average this year, and the emerging markets led by China and India contracting just 1.1pc – on IMF numbers – the Western world is taking a much bigger economic hit, and will recover more slowly.
>As such, the long-term impact of coronavirus will be to accelerate the most important economic trend of them all – the inexorably shift of global economic gravity from West to East.
>The European Union may need a €1.6 trillion rescue package to rebuild its shattered economy after the coronavirus crisis meltdown, top Brussels official Thierry Breton has warned.
>This huge bailout would be equal to 10pc of European GDP and is three times bigger than previous estimates. It suggests fears of a lengthy recession are growing, following initial hopes the bloc could bounce back quickly.
>Member states disagree over how big a rescue fund should be and how to finance it, but European internal market commissioner Mr Breton said he was working on plans around that sum with economics commissioner Paolo Gentiloni.
>member states disagree >member states disagree >member states disagree >member states disagree >member states disagree
Jonathan Garcia
Some cunt tries to be "funny" with me right now he's getting punched in the face. Fists don't care about his feelings.
Blake Rogers
>less reason for immies to move to the west I don't see the problem with this.
It's also useful for the environmentally conscious Londoner to visit their children up North where they have bought a house. They can then secretly wish that London was white, too, as they point and laugh at the proles for not having grime nights and Somalian community centres.
Wyatt Johnson
This t shirt was made for me
Liam Lopez
We should have just quarantined London immediately after the first few cases. They did it in the 1600's and it worked marvellously
Benjamin Peterson
Can Germany afford to pay a a €1.6 trillion bailout?
Carter Walker
Break up soon
Christian Allen
>In time, then, the pandemic may bring about that long-thought desirable rebalancing in the British economy away from consumption to savings and investment, and, as more production is re-onshored, away from services to industrial output and traded goods.
>But a word of warning. Seemingly earth shattering events often turn out not to be quite as transformative as it seemed they might be at the time. Warts and all, the old dynamic rapidly re-establishes itself. There were similar predictions of economic and political metamorphosis during the financial crisis a decade ago, but in the end not much changed. It was quickly back to business as usual.
>But this one is bigger, and it builds on foundations already laid by the financial crisis – that feeling of things not being quite right about our economy and politics, and of something lost in our sense of community and basic decency. Human nature is not going to change, but a return to pre-existing “normality” seems the least likely outcome this time around.
Parker Gray
>the west is finished
No, no it's not at all.
Two biggest domestic markets in the world: Europe and the United States. Both lead the world in income, disposable income and consumerism
Who is China going to sell all their shit to if the west goes down the tubes? Who are all these developing economics going to sell their raw materials to if large exporting nations like China can't export to anyone?
The Chinese government hands out loans to their own citizens like it's nothing, it is the most indebted nation on the planet. This whole house of cards of loans that props of the Chinese export market cannot survive a massive impact
Once the west takes a hit, this will ripple through the complex global supply chains that literally every developing nations relies on. The old adage of 'when America sneezes the world catches a cold' is completely true
No other nations on earth has a large rich middle class
I used to drive a forklift and was a bit mental but not crazy enough for a shirt like that
Adam Ross
No, they just get pissy because those micro machines literally fuck your asshole after even an 8 hour shift
Jayden James
Rich cunts don't care about you. They think it's funny when poor people lose their jobs. They sit in their back yards enjoying the sunshine while you are locked inside. This is like a jolly holiday for them.
Kill the rich.
Isaiah Torres
looks like cope to try and make the plebs at home think theres an end to this
David Evans
You should be more grateful for the NHS frontline workers. They left their homelands to serve you ungreatful pricks
Camden James
>b-but MUH HAPPENING!!!!!
Ryder Wilson
what happened with those goats that took over landudnow?
Any other key workers here? What you doing with all your excess money when all this is done lads? On £2.5k after tax. Got £11k in the ol' ISA (£2k up since the start of COVID19) and about £3k in my current account for bits and pieces. Mortgage payments are only £300 a month and haven't got car finance. What you lads planning? Give me some ideas.
lol china are trying to restructure their economy away from the export model and this is their chance output will be mostly for domestic consumption
were fucked, now we got to start our own production industry from scratch in the middle of a near unstoppable pandemic china pulled the rug out you don't know shit do you?
Thomas Brooks
Raped and eaten.
Jason Bennett
Tripfags and namefags need to be gassed.
Isaiah Scott
dumb motherfuckers
Connor Murphy
Hope you rich cunts all die.
Logan Green
curried by the many coffin dodgers that live there. Landudnow is gods waiting room.
Daniel Adams
Some cunt nicked my motorbike and took it for a joy ride while drunk and the local paper wrote a piece about how he was a trained forklift operator and just frustrated because he couldn't find a job, he got off with a suspended sentence. I'm still a bit bitter about it, considering I was a poorfag looking for work as well.
They are you cunt. It's the young and fit and healthy that get no symptom or a mild cough that are being expected to fuck up their lives to save boomers and their AIDS ridden spawn.
Logan Myers
Cant stand qt desu
Gabriel Gray
It was a Hyosung GT250R — if it ain't Jap, it's crap, I had all kinds of problems with it. I was young and very naive and I should have locked it up better, they snapped the steering lock and hotwired it. Thing is as well I had only recently moved out and hadn't changed my address on the insurance so they ended up giving me a pittance for it.
Carter Martin
Forklifts are serious business. They are the size of a golf cart but weigh more than a bus. Serious consequences for fucking up. That's why only meth heads and morons operate them full time. Image very much related.
>20% of all closed cases have ended in death >immunity is impossible after "recovery" >ADE means that reinfection will be 1000x worse
Eli Allen
Whats wrong with Tupac?
Zachary Jackson
I'm not wrong. Look at the stats. Hardly anyone under 60 dies from this. We are fucking the economy for people that haven't contributed to it for years.
Jackson Reyes
Bored of TV an wanking t b q h
Levi Wood
hi retard
it kills them first thats why the high numbers during the beginning stage of pandemic
many younger people got it and still haven't recovered and are in hospital
they take longer to die, you will see this reflected in the data in a few months
bye retard
Andrew Parker
Starmer has raab on the ropes
Christian Nguyen
this is a SARS/HIV hybrid bioweapon. it destroys your immune cells. it's airborne AIDS.
