Tag Archives : global economic crisis

The Organization for Economic Co-operation and Development (OECD) has come up with disturbing figures about the job market. The global recession could still cost the jobs of nearly 25 million people. Although there was positive signs of recovery in 30 member countries, recession is still the toll on many lives. According to OECD, already approximately [...]

The United Nations Fund for Children (UNICEF) is alarmed by the gross malnutrition of children in the Central African Republic (CAR). The extent of severe malnutrition affecting children in the country, according to figures from the UN agency, reveals nearly 700,000 children under 5 years living below acceptable nutrition thresholds, and many are now [...]

A research study of 26 countries of the European Union, dated 1970-2007, and featured in the latest issue of The Lancet, reveals that more suicides and crimes have come about because of rises in unemployment. The current global economic crisis portends a similar situation as investments fall, bringing about a rise in employment layoffs, thus creating [...]

World Bank experts believe that the economic cost of the Influenza A (H1N1) pandemic could range from 0.7 percent to 4.8 percent of gross domestic product (GDP). The British firm Oxford Economics, associated with the renowned English university, said in a study published on 17 July that the pandemic could push one to two years the recovery of the global [...]

At the United Nations Conference on the World Financial and Economic Crisis and Its Impact on Development (June 24-26, 2009) in New York, more than 140 countries signed a global action plan that sets agreed-upon measures for the world to deal with the worst form of recession. The conference adopts the finalized 16-page document. It reminds the industrialized [...]

The United Nations World Food Program (WFP) has developed an index of economic shock and food entitled ‘Economic Shock and Hunger Index.’ Based on a study of the five countries of Armenia, Bangladesh, Ghana, Zambia, and Nicaragua, the responses of households reveal a rather similar pattern: reduction in the number of meals, option for cheaper but [...]

British Prime Minister Gordon Brown announced that the agreements resulting from the G-20 summit in London are not about mere words but a global plan of action to end the currently raging world recession. The immediately pledged measures from the world’s richest economies total $1 trillion. Some of the measures include: increasing the resources of [...]

“You are the crisis,” read the posters. The anti-riot police dispersed them with tear gas. Hundreds of people gathered in Geneva to protest against the Davos World Economic Forum. In Geneva, where the World Economic Forum has its headquarters, the anti-riot police fired tear gas and threw water to disperse a crowd that had gathered at a [...]