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Daily Archives: October 15, 2019
IMF cuts global growth outlook to lowest since financial crisis, urges green investment
The International Monetary Fund now predicts that 2019 growth is likely to be just 3%, the same as in the onset of the 2008 recession. This compares with 5.6% at the 2007 cycle peak, and -0.1% in the 2009 recession … Continue reading
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Binge to bust: Fort McMurray’s warning to Canada
From 2001-08, financial speculation and a manic belief in insatiable demand helped oil prices leap six-fold and the economy of Fort McMurray, Alberta, boomed, with many knock-on effects through the broader Canadian economy. After the bust, Fort McMurray residents have … Continue reading
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