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World Bank Chief Economist: Post COVID Recovery Could Take Five Years

Video Credit: Wochit News - Duration: 00:32s - Published
World Bank Chief Economist: Post COVID Recovery Could Take Five Years

World Bank Chief Economist: Post COVID Recovery Could Take Five Years

World Bank's chief economist, Carmen Reinhart, expects full global economic recovery to take as long as 5 years.

At a virtual conference hosted by El Pais said "everything depends" on when a vaccine gets approved and how long it would take for global access.

Reinhart pointed out that the pandemic-caused recession will be more prominent.

She also said it would last longer in some countries than in others.


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Carmen Reinhart Carmen Reinhart American economist


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STARS project to be implemented in 6 states to improve school education: Javadekar [Video]

STARS project to be implemented in 6 states to improve school education: Javadekar

The Information and Broadcasting Minister, Prakash Javadekar announced implementation of World Bank supported STARS (Strengthening Teaching-Learning and Results for States Program) project in 6 states in a bid to improve the quality of education. "STARS project would be implemented as a new Centrally Sponsored Scheme, it covers 6 states namely Himachal Pradesh, Rajasthan, Maharashtra, Madhya Pradesh, Kerala and Odisha," said Union Minister Prakash Javadekar Cabinet briefing. World Bank-supported scheme worth Rs 3,700 crore aims to improve the quality of school education. The project is supported by World Bank with amount of 3700 crore.

Credit: ANI    Duration: 01:35Published
Silk factory gets upgraded with funding from World Bank to boost production in Srinagar [Video]

Silk factory gets upgraded with funding from World Bank to boost production in Srinagar

In order to increase the production of silk garments across the Valley, the Jammu and Kashmir government is focusing on upgrading the silk factory with new facilities and equipments funded by the World Bank. With this, the government aims to generate more employment in the Valley and is upgrading the new building with the machinery of the latest technology so that this factory is able to produce larger quantities of silk. Many families in Srinagar depend on the silk factory for their livelihood. The project is worth around Rs 12.5 crores and is funded by the Work Bank through the Economic Reconstruction Agency (ERA). The process to upgrade the factory is underway and efforts are being made by the government to finish the project at the earliest. This project is expected to generate more employment. Meanwhile, the government is also focusing on the production of mulberry crops and the production of cocoons to boost silk production in the state and to generate more employment.

Credit: ANI    Duration: 04:30Published

El País El País Spanish newspaper

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BurAnn Borrow to fight economic impact of pandemic, says World Bank’s chief economist https://t.co/cGV5RxYl3P 18 hours ago

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Helen Patterson @Dunny_Ben_88 @BottlerRhett @Chip_Prospect @sallymcmanus Trickle down economics is fundamentally wrong according to… https://t.co/nFAQUCPBRS 1 day ago

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Tanveer RT @Bit_2_close: @PiyushGoyal @narendramodi “The situation is much worse in India than we have ever seen before, It is an exceptional situa… 1 day ago

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RewCie 🇮🇳 RT @TheXQuant: “The situation is much worse in India than we have ever seen before,” Hans Timmer, World Bank Chief Economist for South Asia… 2 days ago

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Mr. Isolated ⚪🔴⚪ “The situation is much worse in India than we have ever seen before,” Hans Timmer, World Bank Chief Economist for S… https://t.co/o81Z1KO9CQ 2 days ago

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Distant Socialising @kaushikcbasu Professor of Economics. Ex Chief Economist at the World Bank. And yet, regularly indulges in innuendo. Shame! 2 days ago

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A Reader Ms Reinhart, who became chief economist at the World Bank this year, told the Financial Times in an interview that… https://t.co/ao5AOyzmbq 2 days ago

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