How economy derails by nature, change in temperature bring volcanic eruption, techtonic plates moves engender multiple quake, rains water flashfloods, vibrate sound of destruction with epidemic periodic from poor poverty stricken nation to urban poor in developed nations. When epidemic or virus reach pandemic is unable to contain economy shatters in direct proportion with double edge knife.
The #COVID19 pandemic shock is expected to cause the global economy to contract 5.2% this year the deepest recession since WWII.
Venezuela ,Zimbabwe, South Africa, Mali, UK, EU, West Africa, Ethiopia, and poor nations are at brink hunger starvation to escalate.
Lebanon,Israel,France face protest covid & economy mismanagement, Poland, Greece, Bulgaria, need bailout package with worker suffers and starvation surge
US sanction on Russia Iran China making business tough relation between nation are falling apart and health hazard covid not only slows growth but may be cause of negative in least developed economy.
Travel- tour flesh trade of islanders economy of Indonesia,Phillipines, Malaysia,Myanmar, Thailand, South Asian nation surge unemployment.
Secretary-General calls for Responses That Stimulate Economy, Employment while Safeguarding Workers.
India ICRA reports this year growth is minus – 9.65 % that shall enhance unemployment starvation hunger poverty in next quarters as immediate after effects of covid lockdown across globe.
Digital and health care could be saving grace in pharma hospital IT sectors to be creamy layer on the solace cake of national GDP. Political managers are however institutionally to express bountities. Treasury each day evaporating its fund with corruption nepotism and fiscal mismanagement. This is right time for the government and semi government bodies taking lead in developments making policies and apply ground realties correction before nation slides to red South.
Brazil reports, Small businesses suffered by far the most, making up 99.8% (715,100) of those which went out of business during the pandemic. The remaining 0.2% were medium-sized companies, with no large enterprises.
EU leaders are closing in on a deal for a $860 billion stimulus package.
Piyush Goel tweetsRapid Turnaround of Exports: Realising PM @NarendraModi ji’s vision of Atmanirbhar Bharat, for the first time in 18 years, India records a monthly goods trade surplus in June!. Unemployment rise demand of energy oil slips, manufacturing at its lowest ebb. But managers PRO perpetually to show nation affluence and flattering big boss.
India’s overall exports (Merchandise and Services combined) in April-June2020-21* are estimated to be USD 101.02 billion, exhibiting a negative growth of (-)25.92 per cent over the same period last year. Overall imports in April-June 2020-21* are estimated to be USD 89.31 billion, exhibiting a negative growth of (-)45.10per cent over the same period last year.
I&B Minister shares UNDP report states more than 27 crore people in country come out of poverty in last 10 yrs.
United Nations Development Programe (UNDP) report which states that more than 27 crore people in the country have come out of poverty in the last 10 years.
Mr. Javadekar termed the achievement as a big positive development. India recorded the world’s largest reduction in multidimensional poverty between 2005-06 and 2015-16, according to the latest UN report. According to the data, released by the UNDP and the Oxford Poverty and Human Development Initiative 65 out of 75 countries studied, reported significant decline in their multidimensional poverty levels.
Following is the text of UN Secretary-General António Guterres’ video message to the Global Summit on COVID-19 and the World of Work, in New York on 8 July:
Let me begin by thanking International Labour Organization (ILO) Director‑General Guy Ryder for this initiative — and all of you for taking part in this virtual Global Summit on COVID-19 and the World of Work.
The world of work is the world of people, of dignity, of opportunity, of hope. The COVID-19 pandemic has shattered that world. Every worker, every business and every corner of the globe has been hit.
This crisis is exposing fragilities — many of which the ILO has long been sounding the alarm. Rising inequalities. Systemic gender discrimination. Inadequate social protection. Lack of opportunities for young people. Stagnant wages. Runaway climate change. The list goes on.
Some countries are just entering the worst days of the health emergency. Others are struggling to open up their economies and facing the threat of a dangerous reversal of progress. But, let’s be clear: it’s not a choice between health or jobs and the economy. They are interlinked. We will either win on all fronts or fail on all fronts.
This Global Summit is an opportunity for Governments, workers and employers’ representatives to shape winning responses. Responses that stimulate the economy and employment. Solutions that support enterprises, decent jobs and incomes. Approaches that safeguard workers and expand social protection. Plans that promote gender equality and reinforce social cohesion. Proposals that protect the most vulnerable and invest in essential workers — such as those in health and care services — who are on the front lines of the response.
And above all, initiatives that are grounded in unity and solidarity. No country can solve this crisis alone. We are in this together. Strong, effective multilateral solutions matter more than ever.
From the beginning, the United Nations has called for massive global support for the most vulnerable people and countries — a rescue package amounting to at least 10 per cent of the global economy.
Developed countries have stepped up support for their own countries — but we are promoting mechanisms of solidarity to ensure that the developing world will also fully benefit.
You already have a strong foundation for action and solutions — the ILO Centenary Declaration — as well as the 2030 Agenda for Sustainable Development and Sustainable Development Goal 8 on decent work and economic growth.
So, I welcome your discussions. You are an essential part of the effort to build back better.
Together, we can emerge from this crisis stronger, with decent jobs and a brighter, more equal and greener future for all. Thank you.