IMF Reports Pandemic Economic Outlook Uncertain
IMF Reports Pandemic Economic Outlook Uncertain
April 06, 2021
Amidst Rising Inequality, Ninety-Five Million Could Fall into Extreme Poverty
Washington DC – The pandemic will reverse the progress made since the 1990s in reducing global poverty and will increase inequality, states the IMF in its flagship World Economic Outlook report. The forecasts of rising inequality and tens of millions of people falling into extreme poverty must be averted, stated Eric LeCompte who monitors the IMF and is the Executive Director of the religious development group Jubilee USA Network. We can reverse these dire predictions with strong aid packages and deep debt relief for all developing countries.