The United Nations has downgraded its economic forecast for 2009. The world economy is expected to shrink by 2.6% in 2009 (down from a decline by 0.5% according to the pessimistic scenario of the forecast presented in January). Approaching the end of May 2009, the economic landscape remains very winterly with no visible green shoots to be seen which could signal beginnings of a new spring, according to a UN mid-year report on the world economic situation, summarized by Rainer Falk.
The decline comes after an expansion of the world economy by 2.1% in 2008 and nearly 4% per year during 2004-2007. Developing countries are disproportionately hard hit by the crisis. Should current policy measures take traction, a mild recovery may be expected in 2010, says an update to the World Economic Situation and Prospects 2009 report (WESP) ... ... this article is for subscribers only. For direct log in >>> click here.If you have no subscription >>> pick your option or >>>
Weakening of workers' rights in most regions is being aggravated by severe crackdowns on freedom of speech and assembly, according to the 2016 Global Rights Index. Restrictions on freedom of speech and assembly, including severe crackdowns in some countries, increased by 22%, with 50 out of 141 countries surveyed recording restrictions.
The year 2015 was marked on the one hand by the inability of the European Union (EU) to emerge from the crisis, and on the other by a dramatic rise in the number of people taking flight from their homes and from their homelands, because of wars and terrorist attacks, in many cases caused by the destructive policies of the EU and of its member states.
The world economy stumbled in 2015 and only a modest improvement is projected for 2016/17 as a number of cyclical and structural headwinds persist, says the United Nations World Economic Situation and Prospects (WESP) 2016 report. Global growth is estimated at a mere 2.4% in 2015.
Within a few weeks leftwing governments in Latin America have experienced a breath-taking decline. The Latin American (centre-) left forces suffered several strategic defeats. They occurred in the biggest Latin American economies. First in Argentina, than in Venezuela, and also in Brazil the days of an uncontested majority of left forces are definitely over now.
14 years after their previous strategy on gender mainstreaming, the WBG has decided to develop a new Gender Equality (GE) Strategy. This briefing document presents WIDE+ critical reflections and key recommendations to enhance the new World Bank Group's (WBG) strategy on Gender Equality.