Five years on, the economic impact of COVID-19 lingers
Reuters Five years after the World Health Organization first described the COVID-19 coronavirus outbreak as a pandemic, its effects are still being felt on the global economy. COVID-19 and efforts to contain it triggered record government debt, hit labour markets and shifted consumer behaviour. Inequality has increased, while remote work, digital payments and changes in […]
The Explainer: The Global South is on the rise – but what exactly is the Global South?
JORGE HEINE, interim director of the Frederick S Pardee Center for the Study of the Longer-Range Future, Boston University, looks – in an article first published on The Conversation – at what the term means…
Pope calls on politicians to create jobs for post-pandemic world
Vatican CityAP Pope Francis called on politicians to create jobs so that economies can relaunch from the lockdowns imposed to combat the coronavirus pandemic. The Pope, speaking after the traditional Sunday blessing, said that ‘’without work, families and society cannot go forward. Let us pray for this, because this will be a problem in the […]
Essay: Exit from coronavirus lockdowns – lessons from six countries
In an article first published on The Conversation, BHASKAR CHAKRAVORTI, of Tufts University, looks at lessons learned as nations begin to ease coronavirus-related lockdown restrictions…
Farmers prosper in pandemic as Americans shop local
Washington DC, US Thomson Reuters Foundation With restaurants shut and grocery stores posing a coronavirus risk, some Americans are ordering food directly from the farm – a trend small-scale producers hope will outlast the pandemic. It could be one of the few economic upsides to a crisis that has emptied high streets and felled business […]
Global powers unleash trillions of dollars to stem spiralling coronavirus crisis
Washington DC, US/London, UK Reuters The world’s richest nations prepared more costly measures on Tuesday to combat the global fallout of the coronavirus that has infected tens of thousands of people, triggered social restrictions unseen since World War Two and sent economies spinning toward recession. With the highly contagious respiratory disease that originated in China […]
Climate change will cripple economies regardless of countries’ wealth – report
New York City, US Thomson Reuters Foundation Climate change will damage the economies of countries whether they are rich or poor, hot or cold by the year 2100, economists said in a new report, dispelling the notion that impoverished, warm countries will suffer the most on a warming planet. Researchers who examined data from 174 […]
Rising heat will chill poor countries’ economies, costing billions
Thomson Reuters Foundation Rising temperatures in a warming world will cost poor countries tens of billions of dollars annually as they are less able to keep their workers cool, analysts said on Thursday. Over the next 30 years, manual labourers in the agriculture, mining, oil and gas, and manufacturing sectors – which are the most […]