by The head of the International Monetary Fund has warned that the global economy risks a return of the Great Depression, driven by inequality and financial sector instability.Speaking at the Peterson Institute of International Economics in Washington, [Bulgarian economist and former head of the World Bank] Kristalina Georgieva said new IMF research, which compares the current economy to the “roaring 1920s” that culminated in the great market crash of 1929, revealed that a similar trend was already under way.This is the background that makes system collapse possible. Add to that the pressure of climate change on energy and the geopolitical situation regarding trade, including hybrid warfare, taking place in a complex adaptive system that is not well-understood (modeled). Chaos theory
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The head of the International Monetary Fund has warned that the global economy risks a return of the Great Depression, driven by inequality and financial sector instability.KazPost — Kazakhstan NewsSpeaking at the Peterson Institute of International Economics in Washington, [Bulgarian economist and former head of the World Bank] Kristalina Georgieva said new IMF research, which compares the current economy to the “roaring 1920s” that culminated in the great market crash of 1929, revealed that a similar trend was already under way.
This is the background that makes system collapse possible. Add to that the pressure of climate change on energy and the geopolitical situation regarding trade, including hybrid warfare, taking place in a complex adaptive system that is not well-understood (modeled). Chaos theory (butterfly effect) may apply, at least as an analogy.
IMF boss says global economy risks return of Great Depression
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