A reader responds
17th April, 2020, 11.30pm I can't pretend that Kristalina Georgieva is a familiar name to me, but she obviously reads this blog. What else can make the Managing Director of the International Monetary Fund say almost exactly what I did only two days ago. Let me just hit you with her headlines from her interview with the BBC earlier today. The world faces the worst decline since the 1930s depression..... We are projecting 170 countries to see income per capita shrinking during 2020 - 87% of the atlas of the world.... Epidemiologists are now helping us making macroeconomic projections. Never in the history of the IMF have we had that.... And tellingly: "I want to stress this may be actually a more optimistic picture than reality produces," https://www.bbc.co.uk/news/business-52326853 What makes Ms Georgieva's comments fresh and new, is not just their candour about where we are now and what is needed now, but her acknowledgment that the entire global econom...