IMF Warns Rough Road Ahead
The IMF recently issued a Press Release, saying:”The risk of a slowdown in the global economic recovery has risen sharply...government should continue planning to tighten fiscal policy.IMF said: "Jitters in financial markets in May and June threatened confidence and growth worldwide....which will lead to tighter lending conditions, declining business and consumer confidence and abrupt changes in relative exchange rates".
At the rate that the Seychelles government is spending, we should brace ourselves for a rough ride!
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15 comments:
I can read a different view from this link:
http://news.bbc.co.uk/1/hi/business/10549770.stm
Are you quickly running out of ideas ? Come on MSR you can do better ! Now one seems to be commenting anymore !
Zot O
Pa kouyon meme sa bann ta "Prophets of Doom and Gloom non!
For over 30 years the same ones have been predicting Seychelles' Econonmy heading down the "precipiss" and now they are predicting Seychelles "rough road ahead."
Akoz zot pa "sote" zot osi avan bato letta i tomm lo korai?. Bez en la paix dan zot lekors et aret aboye foutou.
IMF as issued a Press Statement on the World economy. Seychelles is part of that world.
We are in a world recssion SPPF/PP moron.
Ou beze kouyon meme.Gloom zot kinnn ammen Sesel!
Every Seychellois with vision will tell you a tou kou ki Seychelles under the reign of SPPF/LP has seen BOOM BOOM BOOM and more BOOM TIMES.
Have a look at an old photo from the The View Post dan gran kontour par enba Prinn de Frans pre 1977 and take a look now and for ever hold your peace you big stoopid!!!!!
Boom with Tanzania, Boom with North Korea, Boom with USSR, Boom with Mafia money.
Then on October 31, 2008, James Alix Michel, President of Seychelles, made a little announcement: Seychelles was Bankrupt.
Then in the same breath, said, Seychelles will go under IMF Adminsitration.
Then another IMF plan.
Then passing on our debts to our 7 years olds.
Face Facts Fake Child.
Unfortunately in regards to "passing the debts to the next generations" is the way of the world.
When President Obama had to rescue the Wall Street Financial Institutions, that is what the critics said - "passing our debts to our grandchildren". Since then Greece and countless of Countries had to re-schedule their debts too.
The Facts this "fake child" is stating are; the homeless in Seychelles are housed; the sick are being treated/cared for; the hungry are being fed; and the weak and vulnerable are being protected.
Parti Le Pep en avant a tou kou and as for you, ou bez fer en pa en avant epi en meme tan, ou bez fer kat pa en arriere like most egg-suckers of this world.
No idiot,before even the world crisis struck we were bankrutped.This is called mismanagement and the reason why we were already bankrupted is because we have pseudo-economists running our economy.Faure a communist educated in Cuba Knows nothing about modern economy,Afif a journalist made economist by PP,Michel former minister of finance doesn't have any qualification not even onegardening,the list is endless.
Jeanne D'Arc
As for you Jeanne D'arcy, the only BOOM BOOM you know and entertain is your BOOMBOOM dan Zironmon.
And Jeanne, can you enlighten us as to where the captains and kings of Industries operating from Wall Street got their education from?.
How did they get it so wrong?.
And while you are at it, tell us about the demise of Lehman Brothers among others!!!!.
Tell us something Tikolor(yeah we all recognoize your chicken-shit repetitiopns here), did the Lehman Bros force your SPPF-clique to sign all those papers? Or did they do so because they didn't have a faintest clue of what they were doing?
Patrick X
The question should rather be where did our three racketeers,Michel,Faure,Afif got their degrees in economy? it seems no one of them understood back then the deal they were doing with lehmann Brothers .They signed up their death and interpreted it as success.Pp is known for confusing success with failures.
Jeanne D'Arc
Michel sign but he never read it well to try to understand what he his signing and he never understand what he have read.He just sign like a idiot like always.What just left for Michel one day to sign,a contract that some can buy his wife.
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