Saturday, January 2, 2016

IMF Head Warns Of Slow Growth And Economic “Shocks” In 2016

http://www.sagaciousnewsnetwork.com/imf-head-warns-of-slow-growth-and-economic-shocks-in-2016

One figure highlights the further growth of economic parasitism since the 2008 crisis: global debt has increased by 40 percent to $200 trillion, almost three times the size of the world economy.

To pay for this exercise in recklessness and greed, the working class all over the world has been hammered with austerity programs, mass layoffs and cuts in wages, pensions and health benefits. This has only deepened the stagnation and decline in the real economy. But these attacks will continue and intensify in 2016 and beyond, in tandem with the deepening of the crisis of the capitalist system.