What changes can we expect to the global economy following the 2020 recession?
In a nutshell, we’re still in a recession, we can expect higher prices for fossil-fuel related products to discourage the use of those products, large investments in green energy technologies, and a renewed dedication to the Paris Climate Agreement. We should also expect to see massive stimulus packages to provide support for these changes. Nations will continue to share their wealth to support poorer nations. Interest rates are expected to stay low to drive competitive, green infrastructure changes.
It appears the global economic fix is in. It’s widely-known these economic changes were planned pre-pandemic. For decades, world leaders with groups like the IMF, UN, and Club of Rome insisted urgent economic change was necessary to save the planet from climate change. Did they get lucky just in the nick of time?
We knew long before the first COVID-19 case the only way to pull off the globalists’ economic utopia was with a major global economic collapse.
The original post follows:
Looking ahead, the full economic impact of the pandemic over the last six months is still uncertain, but economists agree that members of the transatlantic community are likely headed toward a recession. How severe and how long this next crisis lasts depends on what policies and plans are put in place today on both a national and supranational level. Answering this common crisis, the International Monetary Fund (IMF) has proposed a recovery plan with the challenges of climate change in mind, known as “Greening the Recovery.” The strategy aims to encourage policymakers to create plans with the environment in mind to build resilience and long-term stability.
Réka Szemerkényi, Senior Fellow with the Center for European Policy Analysis (CEPA) recently met with IMF Managing Director Kristalina Georgieva to discuss the economic impact of the pandemic, the expected effect on the transatlantic community, and IMF’s “Greening the Recovery” plan.