Tag Archives: IMF

A tale of two Covid crises – billionaire bailouts & bupkis

By Mike Murphy We’re all in this together apparently. But, like a ship that’s taking on water after a frontal collision, only one end of the vessel is going under; the other end is ascending. The Covid-19 pandemic is very much upon us, and we are all well aware of the strong economic implications. The World Bank predicted in June ...

Read More »

World economy scarred by Covid-19: IMF downgrades forecasts

By Manus Lenihan Covid-19 has hit the world economy even worse than expected, according to a report from the International Monetary Fund (IMF) released this month. In countries where Covid-19 is relatively under control, economic recovery is proving slower than expected. Capitalists are not investing, and are reconfiguring their supply chains so that another shock like this doesn’t hit them ...

Read More »

Africa & Covid-19: Capitalism driving a continent into the abyss

By Serge Jordan, International Socialist Alternative (the international socialist organisation to which the Socialist Party is affiliated to) The COVID-19 pandemic has thrown into sharp relief the profound social inequalities prevailing under modern capitalism. Nowhere more than in Africa. The Global Health Security (GHS) Index is a measured assessment of 195 countries’ capacity and readiness to face outbreaks of infectious ...

Read More »

Ecuador: Workers and indigenous uprising beats government and IMF

No to a new austerity paquetazo! For a workers and indigenous peoples’ government! By Tony Gong, Socialist Alternative, (our sister organisation in the US)  On the first day of October, President of Ecuador Lenín Moreno ended the country’s fuel subsidies as part of an economic restructuring deal from the International Monetary Fund (IMF). Less than two weeks later, Moreno was ...

Read More »

IMF Warns of “Growth Slowdown” – Trump Increasing Economic Instability

By Alan Jones – Socialist Alternative (our sister organisation in the US) There were stark warnings about world economic prospects at the International Monetary Fund (IMF) meeting Washington in early April. “A growth slowdown and a precarious recovery” warned the main IMF report, while Managing Director Christine Lagarde warned that the global economy had slid into a “synchronized deceleration” was ...

Read More »