Skip to navigationSkip to content
Close

Is the global economy on depression watch? International Monetary Fund chief Kristalina Georgieva drew some parallels between 2020 and the 1920s, citing the growing inequality gap within countries, tech booms, and a global trade system “in need of a significant upgrade.”

Read more on the Guardian

Featured contributions

  • With US markets hitting new highs, the IMF Chief makes some pretty negative comments about the next decade of uncertainty. Based on new IMF research she warns of a new great depression: 'In some ways, this troubling trend is reminiscent of the early part of the 20th century – when the twin forces of

    With US markets hitting new highs, the IMF Chief makes some pretty negative comments about the next decade of uncertainty. Based on new IMF research she warns of a new great depression: 'In some ways, this troubling trend is reminiscent of the early part of the 20th century – when the twin forces of technology and integration led to the first gilded age, the roaring 20s, and, ultimately, financial disaster.” This was the 1929 Crash and the Great Depression of the 1930s.

    Despite all the technological breakthroughs now, I agree social unrest will continue to rise with wealth disparities at record highs and a feeling of unfairness in the system. The next economic crisis will likely bring this all to a head this decade in my view. In some ways the system does need a reset, and it seems unlikely that enlightened policymakers will do it preemptively. See my recent blog for other reflections on the new decade. www.benjaminjbutler.com.

More contributions