{"id":666,"date":"2008-04-10T09:40:05","date_gmt":"2008-04-10T17:40:05","guid":{"rendered":"http:\/\/bbrace.laughingsquid.net\/wordpress\/?p=666"},"modified":"2008-04-10T09:40:05","modified_gmt":"2008-04-10T17:40:05","slug":"global-slump","status":"publish","type":"post","link":"https:\/\/bbrace.net\/wordpress\/?p=666","title":{"rendered":"Global slump"},"content":{"rendered":"<p>&#8220;The International Monetary Fund (IMF) said on Wednesday &#8230; [that] the global slump could prove worse than predicted. There is a one-in-four chance that a global recession &#8212; seen when world economic growth falls below 3.0 percent &#8212; will ensue, it said.<\/p>\n<p>&#8220;&#8216;The financial market crisis that erupted in August 2007 has developed into the largest financial shock since the Great Depression,&#8217; it said.<\/p>\n<p>&#8220;Latin America and countries linked to the plummeting U.S. dollar will be hardest hit as the U.S.-led<br \/>\nslump spreads around the globe, the IMF said.<\/p>\n<p>&#8220;Rapidly growing emerging economies, such as China and India, will suffer the least pain, it said.<br \/>\nHowever, even they will feel a sting as rich countries cut their imports.&#8221;<\/p>\n<p>Economist Dean Baker has said that he could see average American incomes fall by as much as 40 percent before we hit bottom.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;The International Monetary Fund (IMF) said on Wednesday &#8230; [that] the global slump could prove worse than predicted. There is a one-in-four chance that a global recession &#8212; seen when world economic growth falls below 3.0 percent &#8212; will ensue, it said. &#8220;&#8216;The financial market crisis that erupted in August 2007 has developed into the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_s2mail":"","spay_email":""},"categories":[10,26,42,45],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/bbrace.net\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/666"}],"collection":[{"href":"https:\/\/bbrace.net\/wordpress\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bbrace.net\/wordpress\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bbrace.net\/wordpress\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bbrace.net\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=666"}],"version-history":[{"count":0,"href":"https:\/\/bbrace.net\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/666\/revisions"}],"wp:attachment":[{"href":"https:\/\/bbrace.net\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bbrace.net\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bbrace.net\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}