The IMF estimated a 4.9% drop in global GDP for 2020, sharply revising its earlier prediction of a 3% drop due to the pandemic.
WASHINGTON (AN) — The International Monetary Fund estimated a 4.9% drop in global GDP for 2020 on Wednesday, sharply revising its earlier prediction of a 3% drop from the devastating impacts of the coronavirus pandemic.
"The COVID-19 pandemic has had a more negative impact on activity in the first half of 2020 than anticipated, and the recovery is projected to be more gradual than previously forecast," IMF said in a statement.
The pact, approved by consensus, outlines 56 broad actions, including an explicit call to phase out fossil fuels.
U.N. leaders urged nations to bring the Sustainable Development Goals 'back to life' and chart a post-2030 agenda.
A proposed 2% minimum tax on billionaires will be taken up at Brazil's G-20 Leaders' Summit in November.
The effects of climate change hit hard from the bombed streets of Gaza to the glitzy venues of the Paris Olympics.
The U.N. weather agency calls for urgent action to protect water supplies, the ‘canary in the coalmine of climate change.'
The U.N. high commissioner for refugees cites 'many instances of violations of international humanitarian law.'
The E.U.'s top court sided with a transgender man who sued Romania for refusing to accept his gender changes in the U.K.
The five-year partnership aims to help ski federations, venues and race organizers better manage natural and artificial snow.
