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Long Term Downtrend in GDP
By definition a recession occurs when GDP declines in two consecutive quarters, which is one of the reasons why all recessions are not created equal. In 1970 and 1974 GDP contracted by a modest -0.32% and -0.54%, minor hick-ups compared to the 1982 decline of -1.80%. The 1990 recession was shallow as GDP only fell by -0.11%. In 2001 GDP actually rose by +1.00% but during the year there were two consecutive quarters in which GDP was lower so it was technically ruled a recession. In 2009 GDP shrank by -2.54%, which was the largest annual decline since the post World War II plunge of -11.6% in 1946. ....

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Surprising economic upside seen for Egypt, Morocco and Iran

Surprising economic upside seen for Egypt, Morocco and Iran
al-monitor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from al-monitor.com Daily Mail and Mail on Sunday newspapers.

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Jubilee USA Statement on IMF and World Bank Meetings and Development Committee Communiqué

Jubilee USA Statement on IMF and World Bank Meetings and Development Committee Communiqué
Jubilee USA Statement on IMF and World Bank Meetings and Development Committee Communiqué
April 09, 2021
Washington DC - The Development Committee, a ministerial-level consensus building and policymaking body for the World Bank and the IMF, met as part of the Spring IMF and World Bank Meetings.
Eric LeCompte the Executive Director of the religious development organization Jubilee USA, a UN expert who monitors IMF and World Bank meetings, releases the following statement on the meetings and World Bank Development Committee Communiqué:
While we ve made some significant progress in combating the coronavirus crisis, this week s meetings lacked ambition and should be defined as a lost opportunity. ....

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260 Faith, Labor and Development Groups Press IMF, G20 and White House on COVID Response

260 Faith, Labor and Development Groups Press IMF, G20 and White House on COVID Response
260 Faith, Labor and Development Groups Press IMF, G20 and White House on COVID Response
April 07, 2021
Ahead of Spring IMF and World Bank Meetings, World s Largest Unions, Human Rights Groups, Environmental and Religious Institutions Call for Aid, Debt Relief, Access to Emergency Reserves and Climate Protections
Washington DC – As G20, IMF and World Bank Spring Meetings convene virtually on global COVID response, 260 groups call for developing country aid and policies to prevent future crises and protect the environment.
Organized by Jubilee USA Network, 260 religious groups, anti-poverty organizations, labor unions, environmental and human rights institutions signed a letter on coronavirus crisis response to the White House, G20 and IMF. ....

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Excessive risk-taking making stocks overvalued: IMF

Excessive risk-taking making stocks overvalued: IMF
jamaicaobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jamaicaobserver.com Daily Mail and Mail on Sunday newspapers.

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