WEF Survey Finds 63% of Chief Economists Think a Global Recession Is Likely
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
WEF Survey Finds 63% of Chief Economists Think a Global Recession Is Likely
WEF Survey Finds , 63% of Chief Economists Think , a Global Recession Is Likely.
On September 16, a World Economic Forum (WEF) survey
revealed that many chief economists have offered a
grim prediction for the global economy in 2023.
On September 16, a World Economic Forum (WEF) survey
revealed that many chief economists have offered a
grim prediction for the global economy in 2023.
Fox News reports that the WEF's Chief Economists
Outlook survey suggests 63% of experts polled felt
that the global economy is headed for a recession.
45% of chief economists said that
a recession was "somewhat likely,"
while 18% said it was "extremely likely.".
According to the WEF, the number of expert economists who believe a global recession is "extremely likely" has more than doubled since a similar September survey.
The survey suggests that
the outlook for economic growth
varies greatly by region.
The outlook for Europe was the most pessimistic,
with 68% predicting "very weak" growth
and another 32% forecast "weak" growth.
Meanwhile, South Asia, the Middle East
and North Africa saw positive expectations
with expectations of moderate to strong growth.
The survey also looked at
how inflation would play out
across various regions.
According to the survey, over three quarters
of economists forecast moderate inflation in
the U.S., while another 24% predicted high inflation.
NBC reports that the release of the survey's results
coincide with the WEF's annual meeting of heads of state
and global business leaders in Davos, Switzerland
On Monday, 92-year-old media titan Rupert Murdoch told his own tabloid newspaper, the New York Post that he is engaged to marry for the fifth time. The billionaire media mogul is engaged to 66-year-old Ann Lesley Smith and said that he knows this marriage would be his last.
#RupertMurdoch #AnnLesleySmith #RupertMurdochWedding
Spain Likely to Experience , Another Year of , High Temperatures and Wildfires.
Fox News reports that scientists warn Spain has entered
a period of long-term drought, the result of increasing
temperatures and reduced rainfall in recent years.
According to the country's Aemet weather
agency, statistics show that the long-duration
drought began at the the end of 2020. .
Data from the first three months
of 2023 has failed to show
any major signs of change.
The first available predictions
for the summer of 2023 point to
a likely situation of temperatures
once again above normal, Rubén del Campo, Aemet spokesman, via Fox News.
Rubén del Campo, a spokesman for Aemet,
added that "the risk of fires could be very
high given the high temperatures.".
Del Campo also pointed out
that Spain has experienced
severe droughts in the recent past.
Most recently, drought struck Spain in 2017.
Before that, it occurred in 2005 and
at the end of both the '90s and the '80s.
To put it in context,
we´re in a drought but there
have been worse droughts,
which is not to say this
will not be important, Rubén del Campo, Aemet spokesman, via Fox News.
While Spain is geographically prone to experiencing both high temperatures and drought, Aemet says that climate change is now playing a key role.
Since the '60s,
Del Campo says that Spain has
warmed by 34 degrees Fahrenheit.
Credit: Wibbitz Top Stories Duration: 01:31Published
Conor McGregor got so fired up about revealing a donation to a charity he loves on Wednesday night that he straight-up dropped an F-bomb live on TV!!! The UFC.. TMZ.com
More Rail Officials in Greece , Face Charges Following , Deadly Train Crash.
On March 9, three more Greek rail officials
were charged in connection with a head-on
train crash that killed 57 people . .
Fox News reports that the charges were named
amid ongoing protests and promises from
the Greek government to overhaul rail safety.
According to a senior official, two station managers
and a supervisor have been charged with endangering
rail safety which resulted in the loss of life.
The Associated Press originally reported that all
three individuals have been summoned to provide
testimony, while none of them have been detained.
Fox News reports that similar charges were filed
against a 59-year-old station manager who
was arrested following the February 28 crash.
The station manager is currently
being held in pre-trial detention.
Meanwhile, protests continue across Athens, including
large rallies and nationwide strikes amid criticism of
the government's response to the head-on collision. .
The deadly accident occurred along northern
Greece's main rail route near the town of Tempe. .
Fox News reports that Prime Minister Kyriakos Mitsotakis
has repeatedly apologized for the crash, but has claimed
that previous governments share the responsibility. .
Fox News reports that Prime Minister Kyriakos Mitsotakis
has repeatedly apologized for the crash, but has claimed
that previous governments share the responsibility. .
I take responsibility. We can’t —
we don’t want to, and we should not —
hide behind a series of human errors, Kyriakos Mitsotakis, Prime Minister of Greece, via Fox News
Credit: Wibbitz Top Stories Duration: 01:31Published
A Swiss regulator's decision to prioritise shareholder value over certain bondholders in the forced takeover of Credit Suisse could result in legal action, a law.. Sky News
Swiss Officials , Reach Emergency Deal , to Save Credit Suisse.
On March 19, Swiss officials announced
a last-minute deal for an emergency takeover of
the troubled Credit Suisse by fellow banking titan UBS.
On March 19, Swiss officials announced
a last-minute deal for an emergency takeover of
the troubled Credit Suisse by fellow banking titan UBS.
NPR reports that Swiss president Alain Berset
announced the deal, claiming it was critical
for stabilizing the global banking sector.
NPR reports that Swiss president Alain Berset
announced the deal, claiming it was critical
for stabilizing the global banking sector.
According to the deal, UBS Group AG
will make an all stock purchase
of $3 billion for Credit Suisse.
According to the deal, UBS Group AG
will make an all stock purchase
of $3 billion for Credit Suisse.
As an additional bonus to the deal,
the Swiss central bank will also reportedly
give UBS an extra $100 billion. .
NPR reports that the last-minute emergency takeover
of Credit Suisse comes as the latest evidence
of ongoing banking troubles that began with , the collapse of Silicon Valley Bank. .
NPR reports that the last-minute emergency takeover
of Credit Suisse comes as the latest evidence
of ongoing banking troubles that began with , the collapse of Silicon Valley Bank. .
Prior to the latest deal being reached,
the Swiss central bank had attempted to save
Credit Suisse with a $54 billion lifeline loan. .
Prior to the latest deal being reached,
the Swiss central bank had attempted to save
Credit Suisse with a $54 billion lifeline loan. .
However, the sizable loan
was not enough to stabilize
the faltering financial institution.
NPR reports that the most worrisome aspects of
Credit Suisse's recent troubles is that the bank is
known as a "global systemically important bank.".
According to NPR, this means that the potential
failure of Credit Suisse has the ability to send
shockwaves throughout the global economy. .
Before becoming one of the most significant banks in
the world, Credit Suisse was formed to help finance
Switzerland's burgeoning rail network 166 years ago. .
Before becoming one of the most significant banks in
the world, Credit Suisse was formed to help finance
Switzerland's burgeoning rail network 166 years ago.
Credit: Wibbitz Top Stories Duration: 01:31Published
Finland has once again topped the World Happiness Report which was released this morning, and measures social support, income, health, freedom, generosity and the absence of corruption to determine a country's national happiness. Finland has topped the list for a sixth year in a row, followed by Denmark, Iceland, Israel, the Netherlands, Sweden, Norway, Switzerland, Luxembourg and New Zealand. According to the report, India ranks at 125th position out of 136 countries, making it one of the least happy countries in the world. It even lags behind its neighbouring nations like Nepal, China, Bangladesh and Sri Lanka. At the very bottom of the list is Afghanistan at 137th position.
#InternationalDayOfHappiness #HappinessIndex #Finland
UN Report Warns , Growing Number of People , Face Water Scarcity.
On March 21, the United Nations released a report warning
that 26% of the world's population, approximately
2 billion people, lack access to safe drinking water. .
According to NPR, the report comes
on the eve of the U.N.'s first conference on
the topic of water in over 45 years. .
The U.N.'s World Water Development Report 2023 revealed that 46% of people lack access to basic
sanitation globally, equal to about 3.6 billion people. .
NPR reports that the U.N. has laid out
a goal to ensure that all people in the world
have access to clean water by 2030.
According to Richard Connor, editor-in-chief of the
report, meeting the goal will require somewhere
between $600 billion and $1 trillion per year. .
Connor said that with 70% of the world's
water use going to agriculture, it becomes
critical for irrigation to be more efficient. .
According to the U.N.'s Educational, Scientific and Cultural
Organization (UNESCO) report, as climate change
continues, water scarcity is expected to increase. .
Seasonal water scarcity will increase in
regions where it is currently abundant —
such as Central Africa, East Asia and parts
of South America — and worsen in regions
where water is already in short supply, such
as the Middle East and the Sahara in Africa, World Water Development Report 2023, via NPR.
An increase in intensity or frequency of droughts
and 'heat extremes' can be expected in most
regions as a direct result of climate change.
The UNESCO report states that an average
of 10% of the world's population already lives
in an area with high or critical water stress.
Credit: Wibbitz Top Stories Duration: 01:31Published
Women Across Iran , Defy Regime by Refusing , to Wear Hijabs.
NPR reports that while the hijab remains
the official law in Iran, many women around
the country are removing them in protest.
The movement comes in the wake of
anti-government protests following the
killing of Mahsa Amini while in police custody.
The 22-year-old Kurdish woman
had been arrested for
improperly wearing her hijab.
NPR reports that the government
responded to the protests
with a brutal crackdown.
According to rights groups,
hundreds of people were killed, while
thousands of others were arrested.
Previously, Iran's hijab law was enforced
by the government's morality police.
NPR reports that there appears
to be a pause in the government's typical
enforcement approach since last fall.
I think the government really is putting
itself at risk if it chooses to reinforce
the hijab law in a very draconian way, Sanam Vakil, deputy director of the Middle East and North Africa program at Chatham House, via NPR.
According to Sanam Vakil, deputy director of the Middle East and North Africa program at Chatham House, the Iranian political establishment is weighing how to enforce hijab laws.
There are conservatives that have tried to
suggest that reform or outreach and bridge
building to protesters is important, Sanam Vakil, deputy director of the Middle East and North Africa program at Chatham House, via NPR.
But you also have hardline conservatives
who see compromise as an avenue that
will invite further protests and challenge, Sanam Vakil, deputy director of the Middle East and North Africa program at Chatham House, via NPR
Credit: Wibbitz Top Stories Duration: 01:31Published
As per Iranian state media reports, Iran and Saudi Arabia have agreed to re-establish diplomatic relations and reopen embassies after talks in Beijing between officials from the two rival Middle East powers.
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#SaudiArabia #Iran #China
UN Calls for Humanitarian Aid , for Desperate Earthquake Survivors , in War-Torn Syria.
On February 14, the United Nations launched an urgent
appeal to help an estimated 5 million survivors of last week's devastating earthquakes in Turkey and Syria. .
Fox News reports that rebel-held northwest Syria has
received very little assistance due to deep divisions that
have been exacerbated by the country's ongoing civil war.
Secretary-General Antonio Guterres issued the appeal
one day after welcoming a new agreement between
the U.N. and Syrian President Bashar Assad.
Secretary-General Antonio Guterres issued the appeal
one day after welcoming a new agreement between
the U.N. and Syrian President Bashar Assad.
The U.N.-brokered deal will see two
new crossing points open up from Turkey
for an initial period of three months.
Fox News reports that the U.N. has been
limited to delivering aid to Syria through
a single crossing at Bab Al-Hawa. .
According to Guterres, $397 million will be used to provide , "desperately needed, life-saving relief for nearly
5 million Syrians — including shelter, health care,
food and protection" for three months.
Meanwhile, Guterres said that the U.N. is close to issuing
another emergency appeal for neighboring Turkey,
which was also ravaged by the 7.8 magnitude earthquake.
The human suffering from this epic
natural disaster should not be made
even worse by manmade obstacles
— access, funding, supplies, Antonio Guterres, United Nations Secretary-General, via Fox News.
Half of the population faces hunger.
And that’s the worst that we’ve seen
since the beginning of the crisis in Syria. , Corinne Fleischer, U.N. World Food Program
Middle East Director, via Associated Press.
Half of the population faces hunger.
And that’s the worst that we’ve seen
since the beginning of the crisis in Syria. , Corinne Fleischer, U.N. World Food Program
Middle East Director, via Associated Press.
Even at the height of the war,
we didn’t have 12 million
people food insecure, Corinne Fleischer, U.N. World Food Program
Middle East Director, via Associated Press
Credit: Wibbitz Top Stories Duration: 01:31Published
On Tuesday, Seattle became the first U.S. city to ban caste discrimination after a vote on it was taken by the city council. Seattle has also become the first in the world to pass such a law outside South Asia. This City has amended its municipal code to include caste as a protected class, alongside categories such as race, religion and gender identity. The move has been welcomed largely but a controversy has also broken out after this. Today, we take a look at this legislation and the controversy that is doing rounds in the wake of it. But before that, don’t forget to like, share and subscribe to Oneindia.
#Seattle #Casteban #KshamaSawant
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