'When crisis strikes, as it has so often in the past three years, international cooperation can save lives and livelihoods.' 📝 Kristalina Georgieva (KGeorgieva)
arly in the pandemic, experts projected that the world economy could shrink by almost 10% in 2020. Yet what played out was a contraction of 3.1%—still a huge loss of output, but not nearly as dire. To a large extent, this was due to international cooperation. Countries came together to diagnose the problem: a simultaneous shock to supply and demand. This meant that standard policy responses would not be sufficient.
But this is only part of the story. The dislocations from trade and technological change have harmed some communities. Inward-looking policies and trade tensions have been on the rise for some years. And now geopolitical fragmentation is raising the specter of a “new cold war” that could see the world break into economic blocs at a cost of trillions of dollars in lost productivity.
The answer must be no. The suffering of one country can easily affect others and threaten global growth. So it’s in everyone’s interest to urgently strengthen international cooperation on these vital issues. The IMF is founded on the principle that we are stronger together.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Which Couples Are Still Together From The 2020 Series Of Winter Love Island?While we wait for the latest contestants to touch down in South Africa, we're looking back to see who's still together from the last go.
Consulte Mais informação »
‘Do Not Separate Them': Friends Want Ana Walshe's Children to Remain TogetherAs the mystery surrounding the disappearance of Ana Walshe continues to unfold, friends and colleagues of the missing woman say they want to ensure the wellbeing of her three children. The mother from Cohasset, Massachusetts, has not been seen since the early hours of New Year’s Day. She was reported missing last Wednesday, and her husband, Brian Walshe, has been…
Consulte Mais informação »
A Comprehensive Guide To Which Love Island Couples Are Still TogetherWhich Love Island couples are still together? And which ones have split? Read more on Grazia.
Consulte Mais informação »
In Google Stadia's final week, fans are banding together to mourn its demiseWe now have an official time of death for the platform.
Consulte Mais informação »