11/10/2022 0 Comments Mo money mo problemsWhere to start? As an Apple fanboy myself, I eagerly await Apple’s conferences every year - rivaled only by my anticipation for the biggest annual gaming conference, E3. Investors and consumers alike were pleased with Apple’s keynote address at its WWDC developers conference where we got a look at iOS 14 and more. The IMF was formed in 1944 in a bid to avoid another Great Depression-like economic collapse following the Second World War. But it also noted that elevated borrowings “will pose an important medium-term challenge for many countries.” Bet you didn’t know Despite the fiscal burden, the IMF says governments shouldn’t withdraw any support programs too fast, to avoid causing bankruptcies and drastic damage to incomes. Though government relief programs have been a godsend to many businesses affected by a slowdown in spending, the massive debts are expected to shrink the world’s economy by 4.9% this year. Shifting to a global outlook, according to the International Monetary Fund (IMF), emergency spending by world governments to tackle both the health calamity and economic fallout from the coronavirus is also set to push the global debt ratio above 100% for the first time. economy struggling with record-high coronavirus cases and a further 1.48 million jobless claims this week, but domestic public debt is now projected to reach nearly 150% of GDP this year.
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