Browsing Tag

pessimistic

Global Leaders Converge in New York for U.N. General Assembly Amid Pessimistic Expectations

Global Leaders Tackle Modern Challenges at U.N. Summit UNITED NATIONS (AP) — Amid a turbulent world filled with conflicts and crises, global leaders convening this week’s annual United Nations gathering face a daunting task. They must strive for unity—not just on pressing issues but on revamping the international systems established post-World War II to handle future threats. Last year, U.N. Secretary-General Antonio Guterres sounded the alarm about the survival of humanity and our planet and urged leaders to…

The IMF is rather pessimistic about the recovery of the economy in African countries

If the global economy recovers, the rise to pre-crisis activity levels is likely to be long, erratic and uncertain, the International Monetary Fund said in its economic forecast released at its autumn meetings. . Return to activity will be particularly difficult for certain new and developing countries, where infections are growing rapidly. But also for the African countries that relied on their oil exports or tourism to come back. Sub-Saharan Africa could experience its first recession in 25 years. After 3.2% growth…

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