IMF warns of worst economic recession in the world in 90 years due to Coronavirus
We are in the middle of the week, so we decided to expose about the pandemic that is changing the world, the Coronavirus.
The world economy has collapsed this 2020, with the Coronavirus continuing to wreak havoc around the world. This is indicated in the new World Economic Outlook report of the International Monetary Fund (IMF).
The IMF advanced its prediction about the current economic crisis. Generated by the spread of the pandemic throughout the world of the Coronavirus.
In the report they specify that this crisis is like no other. The unprecedented global economic slowdown caused by the “big blockade” will worsen long before it improves.
The IMF describes the Coronavirus-induced blockade of the world as the worst economic recession in 90 years. Forecasting a total of $ 9 trillion in losses by 2022.
IMF research director Gita Gopinath said the prediction was based on the assumption.
“The pandemic and peaks of containment required in the second quarter for most countries in the world, and recede in the second half of this year.”
John McAfee expressed that the world’s fiat currencies will collapse due to the Coronavirus crisis
Strong supporter of cryptocurrencies John McAfee offers 101 survival tips instead of investment tips during the pandemic. Because the Coronavirus continues to change the world as we know it.
McAfee appeared on the Aufhebunga Bunga podcast on April 14. It was an episode dedicated to the political, economic, and civic failures around the world that have been exposed by the Coronavirus crisis.
Podcast host Phil Cunliffe led the discussion into what the current juncture could mean for the digital economy and the cryptocurrency sector in particular.
McAfee stated that:
“Nothing like this has ever happened in human history, where the entire world is locked up. I wish I could tell you what’s going to happen. I do not know. What can I say about this, that all fiat currencies will collapse“
Google removed 49 phishing extensions
While the world is fighting the Coronavirus pandemic, there are people who are seeking to take advantage of the situation, but they must be stopped. Google recently removed 49 Google Chrome phishing extensions after receiving reports about its activity.
Harry Denley, director of security for cryptocurrency wallet company MyCrypto, explained in a post how he identified Chrome store extensions.
He did it in 24 hours with the help of the phishing cybersecurity firm PhishFort. Highlighting what happened while the Coronavirus continues to require the world’s computing resources.
The removed extensions include those directed at owners of hardware wallets produced by: Ledger, Trezor, and KeepKey. As well as users of Jaxx, MyEtherWallet, Metamask, Exodus software wallets.
Digital yuan will be tested in four cities
While the Coronavirus continues to change the world, some had to stop, except for China’s CBDC. Catches of screen of a pilot version of a wallet app for China’s next digital yuan are circulating on social media.
They met through Ling Zhang, CEO of M&A, Global Fiat, who shared the images. Binance CEO Changpeng Zhao then retweeted the information.
According to Ling Zhang, the app is available for download in four cities selected for the initial test: Shenzhen, Chengdu, Suzhou, and Xiongan.
She highlights the inclusion of Xiongan. A new metropolis located on the outskirts of Beijing, which has been the site of a so-called “smart city brain project“