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offsite link Russia’s Dialogue With the EU Is Comin... Tue Oct 20, 2020 11:00 | Fyodor Lukyanov

offsite link Gretchen Whitmer Goes Boogaloo Catfishin... Tue Oct 20, 2020 10:00 | Nicky Reid

offsite link Lesson Learned? This Time Around Russia ... Tue Oct 20, 2020 09:00 | Daria Litvinova

offsite link US-Backed Coup Gov’t Concedes Electora... Tue Oct 20, 2020 08:00 | Alan Macleod

offsite link After 13 Years, Iran’s Arms Embargo Is... Tue Oct 20, 2020 06:30 | Jason Ditz

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The Saker
A bird's eye view of the vineyard

offsite link Intermediate Results And Prospects Of Armenian-Azerbaijani War Tue Oct 20, 2020 09:28 | amarynth
South Front The Armenian-Azerbaijani war, which started on September 27, continues in the contested Nagorno-Karabakh region despite international diplomatic efforts to de-escalate the conflict. Offensive operations of Azerbaijani forces continue

offsite link ?My name is Nancy Pelosi, and I?m currently holding on? Mon Oct 19, 2020 20:56 | The Saker
by Ramin Mazaheri for the Saker Blog Note: This internal Democratic Party letter was leaked to me, Ramin Mazaheri. I initially planned to not publish it, and for the very

offsite link Why the FBI and CIA Are the Real Threats to ?National Security? Mon Oct 19, 2020 20:20 | amarynth
By Cynthia Chung for the Saker Blog Today we see the continuation of the over seven decade?s long ruse, the targeting of individuals as Russian agents without any basis, in

offsite link The Great Reset. Our way. Mon Oct 19, 2020 14:29 | amarynth
By Katerina for the Saker Blog In this one, which I promise to be the very LAST of my essays, I would like, first of all, to do a short

offsite link Bolivia ? The people won, against all the odds, the people still won Mon Oct 19, 2020 09:00 | amarynth
By Chris Faure for the Saker Blog Bolivia went to the polls yesterday for the first election since the coup d’état in November 2019, that removed Evo Morales from the

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Spirit of Contradiction

offsite link The Party and the Ballot Box Sun Jul 14, 2019 22:24 | Gavin Mendel-Gleason

offsite link On The Decline and Fall of The American Empire and Socialism Sat Jan 26, 2019 01:52 | S. Duncan

offsite link What is Dogmatism and Why Does It Matter? Wed Mar 21, 2018 08:10 | Sylvia Smith

offsite link The Case of Comrade Dallas Mon Mar 19, 2018 19:44 | Sylvia Smith

offsite link Review: Do Religions Evolve? Mon Aug 14, 2017 19:54 | Dara McHugh

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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
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