UN Agency Warns of Global Recession Due to Tightening Monetary Policy https://www.infowars.com/p...

More Biden corruption:

“Goodbye, petrol-powered automobile, you peasant! The move away from fossil fuels is long past due and it can’t advance quickly enough,” according to Biden Admin Energy Sec. Jennifer Granholm, “so middle-class and working-class Americans should get their wallets ready.”

In a recent video, the energy secretary for Biden stated, “Right now, we are seeing the start of perhaps one of the most important historical events in humanity’s history. The transition to clean energy.”

These remarks coincide with record-breaking gas prices, unheard-of inflation, the ongoing supply chain crisis, and what appears to be a looming recession, according to The Post Millenial.

More to come:

U.N. Urges Monetary Easing to Avert Recession Threat

The United Nations on Monday (Oct. 3) urged central banks to loosen their belts in order to avoid a global recession, saying financial tightening risked pushing the world into grim prolonged stagnation.

In its main annual report, UNCTAD, the UN Conference on Trade and Development, once again revised down its growth forecasts for the world economy.

In March, the organization reduced its projection for global economic growth for 2022 from 3.6% to 2.6%.

It now expects growth of 2.5% this year, with a further deceleration to 2.2% in 2023.

According to UNCTAD, rapidly-rising interest rates and financial tightening in advanced economies, combined with multiple crises resulting from the Covid-19 pandemic and Russia’s war in Ukraine, have already turned a global slowdown into a downturn, with the desired soft landing looking unlikely.

Source: AFP

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On Monday, most Asian currencies sank dramatically against the US dollar as concerns about a worldwide recession and increasing interest rates in the West weighed heavily on risky assets.

Eurozone recession warning issued https://www.infowars.com/p...

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Economy Sinking Into Worldwide Recession As FedEx Says Shipments Slowing https://www.infowars.com/p...

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