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Father, we pray for all those struggling to make ends meet because of inflation. Get these prices down, Lord, and bring reformation to our leaders.
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The global economy is in dire straits. Hard times are ahead, especially in countries where the poorest are already living on the edge. God promises to always provide for His people. Share a prayer of faith in the comments.

From The Wall Street Journal. Policy makers around the world see rising risks that the global economic slowdown could turn into a steeper slump due to strong inflation, high energy costs and climbing interest rates.

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Another bad U.S. inflation report last week is likely to keep the Federal Reserve lifting interest rates at a rapid clip. That could help spur the U.S. dollar higher, further elevating the cost of imports and debt service for many countries. Key energy producers are crimping supply, feeding price pressures and slowing economic activity, particularly in Europe. New data from China showed consumer spending falling sharply, another sign of cooling economic growth.

“The worst is yet to come,” said International Monetary Fund Managing Director Kristalina Georgieva at a Thursday briefing, as finance officials gathered in Washington for meetings hosted by the IMF and the World Bank. “Across many economies, recession risks are rising.”

Economies representing more than a third of global output will contract next year, while the world’s three largest economies—the U.S., the European Union and China—will essentially stall, the IMF forecasts. Overall, the fund projects 2.7% growth in 2023, down from 3.2% this year.

“The situation is worse than during Covid-19,” Mohamed Maait, the Egyptian finance minister, said Wednesday on a panel hosted by the Center for Global Development.

Many of the policy makers at the meetings see high U.S. inflation and the Fed’s response as a central threat to their own economic prospects. …

The Fed’s rapid rate increases this year have helped draw investors into U.S. markets and pushed up the value of the dollar. A stronger greenback increases the costs of dollar-denominated imports and debt service for many other countries. It also puts pressure on other central banks to raise their own interest rates to protect their currencies, possibly further slowing growth. …

The U.S. economy’s momentum worries other countries because it gives the Fed latitude to raise interest rates even more, Sri Mulyani Indrawati, the finance minister of Indonesia, said in an interview.

A weakening global economy, high interest rates and a strong dollar “really can hurt all countries in the world,” Mrs. Sri Mulyani said.

“A global recession is very possible,” she said. …

Meanwhile, the Organization of the Petroleum Exporting Countries and its Russia-led allies recently announced a major production cut, which raised oil prices. The International Energy Agency warned Thursday the decision could be a tipping point for the global economy to enter a recession.

There is no official definition of a global recession, but many economists say one essential element is economic growth falling below population growth, or roughly 1.1%. The World Bank forecasts global growth of 1.9% next year.

“That’s dangerously close to a world recession,” said David Malpass, World Bank Group president. …

All the risks to growth could be particularly painful for middle- and low-income countries. Roughly 60% of the world’s poorest nations are in or at risk of debt stress—unable to meet their financial obligations—and many are struggling with higher costs of imported food and energy, according to the IMF.

“The sense that one gets from the meetings is that uncertainty is so high, it’s difficult to see light at the end of the tunnel,” José de Lima Massano, governor of the National Bank of Angola, said in an interview.

Share your prayers and scriptures in the comments.

(Excerpt from The Wall Street Journal. Photo Credit: Canva)

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Grant Windholz
October 20, 2022

Pray 🙏 like never before and put your hope, faith and trust in the Lord God Almighty! He knows everything! What the world is experiencing is right now in the book of Revelation in the Bible. He is the only one who can save us all! Amen!

angelo sturino
October 18, 2022

We are living in real uncertain times, the role of elections, high inflation, the aftermath of the rescue plans, human identity in question, the rise of migration in many nations, we pray, your guidance and infinite goodness and wisdom amen

Priscilla Meyenburg
October 18, 2022

God says in -1 Timothy 5:22- v.17- Command those who are rich in this present world not to be arrogant nor to put their HOPE in wealth. Which is so uncertain, but to put their HOPE in God; who richly provides us with everything. V. Command them to do good, and to be generous and willing to share. No matter how much money you have( the wealthy) your life should should demonstrate that God control’s the wealth that God has placed under your care. 1 Timothy-5:8 says- Anyone who does not provide for their relatives, and especially for their own household, has denied the Faith. Gods words gives several instructions of how we can be of help to others, He also says practical honor becomes a priceless gift that teaches and gives to another. God does give many examples. As I read these words on IFA Rising Risk of Worldwide Recession— and this statement—The global economy is in dire straits. Hard times are ahead, especially in countries where the poorest are already living on the edge. God promises to always provide for His people. Share a prayer of faith in the comments. I did😊 Each one of us must heed to God’s words in some way, large or small. I know churches have a list especially around Thanksgiving/ Christmas go to them (ASK) for names of families or Persons who are in a situation of need or share words from Gods Word that will help sustain them. Or there may be someone in your neighborhood who needs some help, there are children who need warm coats, socks, blankets, food etc.! Father God speak to hearts far and wide that can do something large or small, just something. I lift up prayers to heaven that this spirit of giving will come back down to inspire those who can do so in helping others. Father God I know there are generous people who need to be reminded: OH I almost forgot to do my part. I lift up prayers to those who can afford to help provide food, pay gas bill, buy a coat for a child, or supply an important gift at Christmas for children. NOTE—— My suggestion no money just pick out what you want to do and provide. Go to: / sample/ gas companies if you want to help pay a gas bill they will cooperate with you. Sizes are easy to obtain, Groceries are easy to obtain staple’s are important; these are just some suggestions to be a Warrior of Gods Army. When I worked this was a project I did every year, it blessed the ones who did it and received. This is what fell on my heart this morning as I read the articles on our economy. Pray and allow God to direct your hearts on giving of a little time to help others. We decree we will operate in Unity, going beyond our comfort lines to help accomplish the purpose of Gods nation. 🧎‍♀️🧎‍♀️🧎‍♀️✝️✝️✝️🇺🇸🇺🇸🇺🇸

October 18, 2022

Faith and obedience to God’s Word are the only answer to the awesome financial problems/ digital mark of the beast! I have seen reputable polls that show over 90 percent of American Christians do not tithe to the Kingdom of God. Another study showed Christians spend more on dog food than World Evangelism. Until these ghastly facts are changed the darkness will continue! No politician can save us! Tithing is not “legalism.” Abraham tithed to Melchizedek 450 years before the Law of Moses. Hebrews 7.8 says Yeshua receives tithes in the eternal Melchizedek Priesthood. I pray our Heavenly Father will grace His family to have the faith and courage to tithe and give and receive a fire tried faith in His awesome abilities to meet our every need!

Allena Jordan
October 18, 2022

Father, as You work in the world both among nations and the peoples of those nations, protect and defend the poor, homeless, fatherless, and the needy. Use this situation to draw people to Yourself. Grant wisdom to those leaders in high places who manage economies. Lord, I thank You for this slow-down, but only as it is directed by You. Globalists will attempt to use this to take control of the weakest and the poorest. Instead, Lord of Heaven’s Armies, I ask that You take control of those in need. Draw them to Yourself. In Jesus’ Name. Amen.

Chris Wilkerson
October 18, 2022

Father God, Almighty. We know nothing takes you by surprise. You are the provider of every good and perfect gift and the provision of love, joy, peace, patience, goodness… we ask you please bring about new global leadership that honors you. We are trusting you and see things that could mean Christ’s return is near. Help us Holy Spirit to continue as salt & light to this lost world, despairing nation, and needy counties of people without you as savior. My today be the day of salvation, revival, hope and praise to you the only true God.


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