FBCK Predicts general global recession
The Federal Bank of Central Kafrica has released their financial outlook for the year 2210. The outlook report, which is released every year, is designed to give a heartbeat of the Kafrican economy, covering aspects such as Military spending, Welfare program spending and foreign investment. The report also covers the health of neighbouring economies to ensure that the government, and the Kafrican stock markets can ensure the stability of their purse.
The FBCK, within its report, included financial details which point towards a general recession globally due to the “Intensity of the embargoes placed during the conflict between Basil and The Imperial Union has placed great strain upon global markets. An estimated 44 million funds have been lost due to the embargoes implemented”
The report then moved on to comment on the current state of the Kafrican economy; “The Kafrican economy is currently struggling due to the intense military buildup which began in FY2208, this buildup began in response to indications of the war in the Baskay being more than just regionally confined. However in its current guise, the Central Kafrican economy simply cannot support a military budget higher than 7 million and requires more funding injected into the state. Therefore the FBCK recommends the government allows for investment into SMI”
Lastly, the report focused on the various economies of Kafrica; “As discussed in the special FY2209 report, at the request of the President for extra information on the economies of the Imperial Union and Solaria, the continuation of these special interest reports are as follows:
Overall, the economy of the Imperial Union is showing signs of a minor depression, this depression could deepen the longer they are distracted in the Baskay, however the collapse of the Imperial Union is not foreseen as likely.
The economic situation in the far east of Kafrica, the dominion of westray, is suffering from a bout of austerity, as the government seeks to cut all unnecessary programmes to keep the state afloat. Likewise the same is seen in Vocavium and Svarskia.”
With the biggest concern of this year’s report being focused on Solaria, and that it recommends that for the stability of the continent, the United States of Central Kafrica take action
“The Solarian economy is in a state of IMMINENT COLLAPSE therefore it should be the government’s responsibility in the interests of a peaceful Kafrica to ensure that the Solarian state, despite its diplomatic misgivings, does not fall into hostile, anti-kafrican hands. It should therefore be a major foreign policy objective in the year 2210 to ensure that Solaria remains stable and peaceful.”
Concluding; “The global economy is struggling, and the United States of Central Kafrica needs to take action to ensure its policy goals for peace and prosperity are achieved both at home and abroad.”