New Events

International

no events posted in last week

Blog Feeds

Anti-Empire

Anti-Empire

offsite link Moscow Salvages START Nuke Control Exten... Wed Oct 21, 2020 17:13 | Tom O’Connor

offsite link MSM Polls Showing Biden Leading Big Are ... Wed Oct 21, 2020 16:30 | Napoleon Linarthatos

offsite link Former OPCW Chief Says His Office Was Bu... Wed Oct 21, 2020 15:42 | Caitlin Johnstone

offsite link “People Aren’t Buying It” — Trum... Wed Oct 21, 2020 04:08 | Breitbart

offsite link Australia Forced Returning Citizens Into... Tue Oct 20, 2020 21:08 | Charlie Coe

Anti-Empire >>

The Saker
A bird's eye view of the vineyard

offsite link Iron Curtain still separates Russia and the EU Wed Oct 21, 2020 18:13 | amarynth
by Pepe Escobar with permission and first posted at Asia Times Sergey Lavrov, Russia?s Foreign Minister, is the world?s foremost diplomat. The son of an Armenian father and a Russian

offsite link Armenian Forces Use Their Last Chance To Turn Tide Of War With Azerbaijan Wed Oct 21, 2020 12:37 | amarynth
South Front The Azerbaijani Armed Forces have been developing their advance on Armenian positions in the contested Nagorno-Karabakh region. On October 19, they captured 13 more villages in the Jabrayil

offsite link Moveable Feast Cafe 2020/10/21 ? Open Thread Wed Oct 21, 2020 11:30 | Herb Swanson
2020/10/21 10:30:02Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of

offsite link USA SITREP: FBI indicted Russian trombone player as a ?GRU hacker? Tue Oct 20, 2020 19:53 | The Saker
By Lilia Shumkova, a Moscow based independent journalist, for The Saker Blog A federal grand jury sitting in the Western District of the US state of Pennsylvania without citing any

offsite link What the Great Reset Architects Don?t Want You To Understand About Economics Tue Oct 20, 2020 18:41 | amarynth
By Matthew Ehret for the Saker Blog It shouldn?t come as a surprise that the Vice President of the World Bank Carmen Reinhardt recently warned on October 15 that a

The Saker >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link A Woulfe in judges clothing

offsite link Sarah McInerney and political impartiality Anthony

offsite link Did RTE journalists collude against Sinn Fein? Anthony

offsite link Irish Examiner bias Anthony

offsite link RTE: Propaganda ambush of Sinn Fein Anthony

Public Inquiry >>

IMF Economic Reports: Inequality and Poverty Rising Amidst COVID Crisis

category international | politics / elections | press release author Tuesday October 13, 2020 19:11author by Zach Conti - Jubilee USA Report this post to the editors

Analyzing the economic crisis spurred by the coronavirus, the International Monetary Fund released the Global Financial Stability Report and the 2020 World Economic Outlook Report, "A Long and Difficult Ascent." The economic outlook report projects global economic growth to contract 4.4%.

Analyzing the economic crisis spurred by the coronavirus, the International Monetary Fund released the Global Financial Stability Report and the 2020 World Economic Outlook Report, "A Long and Difficult Ascent." The economic outlook report projects global economic growth to contract 4.4%. "While we understand that the IMF wants to look at the crisis with some positivity, the word ascent has little place in this report. It seems that most countries are still descending,” stated Eric LeCompte, the Executive Director of the religious development organization Jubilee USA Network and a United Nations finance expert. “More that 90 million people could enter the ranks of extreme poverty this year and many countries will lose development gains they have made since the 1990s.” According to the World Economic Outlook Report, income disparities between developed and developing economies is projected to worsen. "It's not a surprise that the coronavirus economic crisis will worsen inequality and extreme poverty," said LeCompte. "Nearly 90% of all global stimulus was spent in wealthy countries and less than 3% in developing countries." The IMF cautions that its projections rely on hard to predict public health and economic factors and outcomes could be worse. The IMF Global Financial Stability report addressed the rising financial needs of developing countries due to the pandemic and rising costs of borrowing. “Developing countries need their debts cut and access to more aid if they are to survive this crisis,” noted LeCompte. The G20, IMF and World Bank are meeting this this week on responses to the coronavirus health and economic crisis. Read the IMF's World Economic Outlook report here. https://www.imf.org/en/Publications/WEO/Issues/2020/09/30/world-economic-outlook-october-2020 Read the IMF's Global Financial Stability report here. https://www.imf.org/en/Publications/GFSR/Issues/2020/10/13/global-financial-stability-report-october-2020

Related Link: https://www.jubileeusa.org/imf_econ_reports_inequality_poverty_covid
© 2001-2020 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy