The International Monetary Fund is a globalist held entity. Its opinions on international economic outlooks are irrelevant not only because they are patently false, but also because they are unrealistic.
The IMF, along with the World Bank and the United Nations are organizations interested in imposing fiscal and economic measures that ensure poverty and debt slavery.
Europe is a witness of these policies in Greece, Spain and Portugal, where the Troika, a child of these globalist entities, managed to further destroy economies while submerging their people into the greatest debt slavery program.
The latest example of how the IMF is disconnected from reality is its recent forecasts for the Euro region, where the agency says people will experience a slight increase in GDP due to the arrival of millions of refugees.
The massive arrival of immigrants that inundated Europe recently will, in the short term, have a positive economic impact but the long-term impact will depend on the rapid integration of asylum seekers in the labor market, said the IMF.
The conclusions are part of a report by the International Monetary Fund on the fictitious economic recovery and the role of refugees in such a recovery. The report was presented by the IMF’s managing director at the World Economic Forum held in the Swiss resort of Davos.
The civil wars provoked by Western interventionism in Syria, the western fueled instability in the Middle East countries, as well as conflicts that cross several countries in Africa and the situation in the Balkans have led to the largest displacement of people since World War II.
The effects of sponsoring proxy wars to destroy nations in unstable regions of the planet are well known, as previous attacks led by the United States and Europe against defenseless countries, caused millions of people to flee their homes in search for more peaceful conditions to raise their families.
In past instances, the displacement was done within the African continent and the Arabian Peninsula, however, this time was different, as millions of people have fled across the ocean to arrive in Europe.
The arrival of undocumented immigrants to Germany, Sweeden, Poland, Belgium, Greece and other European nations has caused a tense situation, as many of the refugees have directly attacked locals in what it has been reported as violent “games”.
About 60 million people were forced to leave their places of origin in 2014. Of these, 14.4 million were refugees, representing an increase of 25% from a year earlier. And that trend has important economic, political and social implications for host countries.
Given the geographic proximity, Europe is one of the main destinations of asylum seekers and only in the first 10 months of 2015 the continent received 995,000 asylum applications; more than double that of a year earlier, with Germany, Hungary, Sweden and Austria as the main destinations.
But according to the IMF, the costs of the services provided to refugees countries will cause an increase in GDP in the European Union of about 0.1% in 2017, although the impact will be greater in countries which are the final destination refugees.
By 2020, the Fund’s experts estimate, the GDP of Germany, Sweden and Austria may be increased between 0.5% and 1.1%, representing a significant boost to these economies.
In the long term, the benefits of this population increase will depend on its rapid integration into the labor market, the IMF says. That would reduce the risk of social exclusion and raise the contribution of refugees to public finances in the long term.
For this, the IMF proposes temporarily and in some cases permanently eliminate the minimum wage to be paid to these workers and approve temporary subsidies for companies that hire refugees.”
Such policies should be accompanied by educational programs and access to housing and the financial system. In other words, the IMF believes that bloated socialist programs in Europe will render better living conditions for Europeans and the millions of intolerant and uneducated immigrants.
Initially, the arrival of refugees will result in increased costs that must be taken into account by European authorities to analyze the stability programs, insists the IMF.
“The European Commission should develop clear criteria for identifying the costs related to refugees, recognizing that its composition can be very different for transit countries compared to host countries”, concludes the report.