{"id":7988,"date":"2011-12-16T14:18:59","date_gmt":"2011-12-16T18:18:59","guid":{"rendered":"http:\/\/www.lighthousetrailsresearch.com\/blog\/?p=7988"},"modified":"2026-07-19T19:41:56","modified_gmt":"2026-07-20T02:41:56","slug":"imf-chief-world-on-verge-of-1930s-great-depression","status":"publish","type":"post","link":"https:\/\/www.lighthousetrailsresearch.com\/blog\/imf-chief-world-on-verge-of-1930s-great-depression\/","title":{"rendered":"IMF chief: World on verge of 1930s Great Depression"},"content":{"rendered":"
(courtesy True Discernment<\/a>)<\/strong><\/div>\n
from The Guardian:<\/a><\/strong><\/div>\n
\n
\n

\u00a0The world risks sliding into a 1930s-style slump unless countries settle their differences and work together to tackle Europe\u2019s deepening debt crisis, the head of the International Monetary Fund has warned.<\/p>\n

On a day that saw an escalation in the tit-for-tat trade battle between China and the United States and a deepening of the diplomatic rift between Britain and France, Christine Lagarde issued her strongest warning yet about the health of the global economy and said if the international community failed to co-operate the risk was of \u201cretraction, rising protectionism, isolation\u201d.<\/p>\n

She added: \u201cThis is exactly the description of what happened in the 1930s, and what followed is not something we are looking forward to.\u201d<\/p>\n

The IMF managing director\u2019s call came amid growing concern that 2012 will see Europe slide into a double-dip recession, with knock-on effects for the rest of the global economy. \u201cThe world economic outlook at the moment is not particularly rosy. It is quite gloomy,\u201d she said. Click here<\/a> to continue reading.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

(courtesy True Discernment) from The…<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[614],"tags":[1044,1045],"class_list":["post-7988","post","type-post","status-publish","format-standard","hentry","category-world-in-crisis","tag-great-depression","tag-world-economy","wpcat-614-id"],"yoast_head":"\nIMF chief: World on verge of 1930s Great Depression - From the Lighthouse<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lighthousetrailsresearch.com\/blog\/imf-chief-world-on-verge-of-1930s-great-depression\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF chief: World on verge of 1930s Great Depression\" \/>\n<meta property=\"og:description\" content=\"(courtesy True Discernment) from The...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lighthousetrailsresearch.com\/blog\/imf-chief-world-on-verge-of-1930s-great-depression\/\" \/>\n<meta property=\"og:site_name\" content=\"From the Lighthouse\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/LighthouseTrailsResearch\" \/>\n<meta property=\"article:published_time\" content=\"2011-12-16T18:18:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-20T02:41:56+00:00\" \/>\n<meta name=\"author\" content=\"Guest Writers\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@LTrails\" \/>\n<meta name=\"twitter:site\" content=\"@LTrails\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Guest Writers\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.lighthousetrailsresearch.com\\\/blog\\\/imf-chief-world-on-verge-of-1930s-great-depression\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lighthousetrailsresearch.com\\\/blog\\\/imf-chief-world-on-verge-of-1930s-great-depression\\\/\"},\"author\":{\"name\":\"Guest Writers\",\"@id\":\"https:\\\/\\\/www.lighthousetrailsresearch.com\\\/blog\\\/#\\\/schema\\\/person\\\/e533d650cec2afe35fb9d984c91cd697\"},\"headline\":\"IMF chief: World on verge of 1930s Great Depression\",\"datePublished\":\"2011-12-16T18:18:59+00:00\",\"dateModified\":\"2026-07-20T02:41:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.lighthousetrailsresearch.com\\\/blog\\\/imf-chief-world-on-verge-of-1930s-great-depression\\\/\"},\"wordCount\":182,\"commentCount\":0,\"keywords\":[\"great depression\",\"world economy\"],\"articleSection\":[\"World in Crisis\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.lighthousetrailsresearch.com\\\/blog\\\/imf-chief-world-on-verge-of-1930s-great-depression\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lighthousetrailsresearch.com\\\/blog\\\/imf-chief-world-on-verge-of-1930s-great-depression\\\/\",\"url\":\"https:\\\/\\\/www.lighthousetrailsresearch.com\\\/blog\\\/imf-chief-world-on-verge-of-1930s-great-depression\\\/\",\"name\":\"IMF chief: World on verge of 1930s Great Depression - 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