Tuesday, April 26, 2022

IMF Warns: Inflation Will Cause Further Energy Price Spikes


From the story: The International Monetary Fund is warning people around the world that the worst is yet to come for inflation and energy prices (Townhall). 

Sky News: The world must brace itself for an economic slowdown, a burst in inflation and a potential wave of social unrest as energy and food prices rise to intolerable levels, the IMF has warned (Twitter). 

From Breitbart: The IMF is far from the first international organization warning about the rising price of food as a result of global supply shortages, with one UN group head even going so far as saying last month that a “Hell on Earth” migrant crisis could emerge out of the third world if more funds are not provided to aid agencies. However, it is not just the global south that is likely to see problems with its food supply, with a lack of fertilizers sourced from Ukraine and Russia meaning that crop yields in the West could theoretically collapse by up to one half (Breitbart).

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