Thread by @I_am_the_Story

⭐️Rising Interest Rates Threaten the Global Financial System
U.S. banks’ lending capacity will decline by 1% this year due to the fall in the value of many bank stocks as investors reassess the health of midsize banks, International Monetary Fund (IMF) says that a reduction in… twitter.com/i/web/status/1…

1. A severe flare-up of financial system turmoil could slash output to near recessionary levels after the failures of two U.S. regional banks and the forced merger of Credit Suisse. The collapses prompted fears among some depositors about the health of small and midsize banks.… twitter.com/i/web/status/1…

2. The American economy would expand 1.6% this year, down from 2.1% in 2022, while the global economy would grow 2.8% this year, a slowdown from 3.4% last year, as nations continue recovering from slumps caused by the pandemic and the war in Ukraine, the IMF estimates.
#USA #IMF… twitter.com/i/web/status/1…

4. So all those tall claims made by Joe Biden are now coming to fruition with historic levels of food inflation, unforeseen internal debt pegging to a historic high of 31.5 Trillion USD, and a looming de-dollarisation. Joe Biden and his leftist cabal of donors have just ensured a… twitter.com/i/web/status/1…

5. Europe has been made to pay heavily by the US towards its Anti Russian ambitions for the European market. In the 12 months through March, prices of food, alcohol, and tobacco were up 15.4% in the eurozone (, while energy prices were down 0.9%. Food prices were up 10.2% in the… twitter.com/i/web/status/1…

6. In most countries, food makes up the largest share of households’ budgets. It’s unclear for most economists why food prices rose so much. In world commodity markets, which set the prices received by farmers, food prices have been falling since April 2022.
#USA #IMF #ECONOMY

7. High food prices are also a problem for central banks. Most look to core inflation, which excludes food and energy, for underlying inflation trends. But they recognize headline inflation, which includes food and energy, can affect public expectations.
#USA #IMF #ECONOMY

8. The only silver lining as per IMF Chief is India and China. Kristalina Georgieva present IMF Chief said at the China Economic Forum 2023 that India, China will account for Half of Global Economic Growth in 2023.
#USA #IMF #ECONOMY

https://twitter.com/ThePollLady/status/1646022830574776320?s=20