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The Saker
A bird's eye view of the vineyard

offsite link Leaked: Smith College memo demands workers admit White privilege Wed Mar 03, 2021 01:04 | amarynth
by Ramin Mazaheri for the Saker Blog As a daily reporter, columnist and author it seems I have developed a reputation for unparalleled bravery in exposing truths which the 1%

offsite link Moveable Feast Cafe 2021/03/02 ? Open Thread Tue Mar 02, 2021 15:30 | Herb Swanson
2021/03/02 15:30:01Welcome 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 Bernays and Propaganda ? The Transition to Education and Commerce ? Part 4 Tue Mar 02, 2021 10:16 | amarynth
By Larry Romanoff for the Saker Blog The success of Lippman and Bernays did not go unnoticed in many segments of American society. Universities in particular realised the potential of

offsite link Book review: ?Disintegration? by Andrei Martyanov Tue Mar 02, 2021 02:32 | The Saker
[this book review was written for the Unz Review] This is the third book by Andrei Martyanov that I am reviewing, the first one was ?Book Review – Losing Military

offsite link The ?Cancel Culture? phenomenon: kind of hate-hush all over the world Mon Mar 01, 2021 17:45 | amarynth
by Ghassan and Intibah Kadi for the Saker Blog Who remembers the Herman?s Hermits and their 1967 song ?There?s a Kind of Hush?? The hush the song speaks of is

The Saker >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link Mainstream media: Failing to speak truth to power

offsite link David Quinn’s selective tolerance Anthony

offsite link A Woulfe in judges clothing Anthony

offsite link Sarah McInerney and political impartiality Anthony

offsite link Did RTE journalists collude against Sinn Fein? Anthony

Public Inquiry >>

Human Rights in Ireland
A Blog About Human Rights

offsite link Poor Living Conditions for Migrants in Southern Italy Mon Jan 18, 2021 10:14 | Human Rights

offsite link Right to Water Mon Aug 03, 2020 19:13 | Human Rights

offsite link Human Rights Fri Mar 20, 2020 16:33 | Human Rights

offsite link Turkish President Calls On Greece To Comply With Human Rights on Syrian Refugee Issues Wed Mar 04, 2020 17:58 | Human Rights

offsite link US Holds China To Account For Human Rights Violations Sun Oct 13, 2019 19:12 | Human Rights

Human Rights in Ireland >>

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

Spirit of Contradiction >>

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 USAReport 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-2020Read 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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