Pandemic a ‘perfect storm’ for South Asia, World Bank says

first_imgSouth Asia is on course for its worst economic performance in 40 years, with decades of progress in the battle against poverty at risk, because of coronavirus, the World Bank said Sunday.India, Bangladesh, Pakistan, Afghanistan and other smaller nations, which have 1.8 billion people and some of the planet’s most densely populated cities, have so far reported relatively few coronavirus cases but experts fear they could be the next hotspots.The dire economic effects are already much in evidence, with widespread lockdowns freezing most normal activity, Western factory orders cancelled and vast numbers of poor workers suddenly jobless. Inequality The report also warned that the pandemic will reinforce inequality in the region, with the pandemic hitting informal workers with limited or no access to healthcare or social safety the hardest.In India for instance, the world’s biggest lockdown has prompted hundreds of thousands of migrant workers to return to their home villages, many on foot.Governments need to “ramp up action to curb the health emergency, protect their people, especially the poorest and most vulnerable, and set the stage now for fast economic recovery,” the World Bank said.In the short term this means preparing weak healthcare systems, providing safety nets and securing access to food, medical supplies and necessities for the most vulnerable, it advised.It recommended temporary work programs for migrant workers, debt relief for business and individuals and cutting red tape on imports and exports of essential goods.And once the crisis is over, governments need urgently to pursue “innovative policies” and jumpstart economies.”Failure to do so can lead to long-term growth disruptions and reverse hard-won progress in reducing poverty,” the bank’s Hartwig Schafer said.The World Bank is taking “broad, fast action”, deploying up to $160 billion in financial support over the next 15 months to help countries protect the poor and vulnerable, support businesses, and bolster economic recovery.   “South Asia finds itself in a perfect storm of adverse effects. Tourism has dried up, supply chains have been disrupted, demand for garments has collapsed and consumer and investor sentiments have deteriorated,” said a World Bank report.It slashed its growth forecast for the region this year to 1.8-2.8 percent from its pre-pandemic projection of 6.3 percent, with at least half the countries falling into “deep recession”.Worst hit will be the Maldives where the collapse of tourism will result in gross domestic output contracting by as much as 13 percent, while Afghanistan could shrink by as much as 5.9 percent and Pakistan by up to 2.2 percent.Regional heavyweight India, where the fiscal year began on April 1, will see growth of just 1.5-2.8 percent in its current financial year, down from an expected 4.8-5.0 percent for the year just ended, the bank predicted.center_img Topics :last_img read more

BPL PREVIEWS

first_imgChelsea won 2-1 at Southampton on Tuesday to extend their unbeaten run in the Barclays Premier League six wins and six draws to 12 games. But they have already lost four at home, a fifth would represent their most Stamford Bridge defeats since 1995-96. On Wednesday, Stoke beat Newcastle 1-0 with a late goal from Xherdan Shaqiri to move into seventh place.EVERTON VSWEST HAMEverton are unbeaten in their past eight Barclays Premier League away games but at Goodison Park they have won just four; they need to win three of their remaining five home games to avoid setting a new low for home successes. On Wednesday, West Ham beat Tottenham 1-0 with a Michail Antonio goal to move into sixth place.NEWCASTLE VSBOURNEMOUTH,Bournemouth beat English south-coast neighbours Southampton 2-0 at home on Tuesday with the Cherries keeping consecutive clean sheets for the first time this season. The Cherries have met Newcastle just three times in the league and lost all three. In their only previous visit to St James’ in the league, in September 1989, they lost 2-1 and when the teams met at Bournemouth earlier this season they lost 1-0.SOUTHAMPTON VSSUNDERLAND,Saints have won seven and lost five of their 14 home games. If they win each of their remaining five games at St Mary’s they will set a club record of 12 home Premier League victories. Their previous best was 11, set in 2000-01 and again last season. Sunderland have already conceded a massive 37 away goals in 14 away games, just two fewer than their record in the Premier League (39 conceded in the 1999-00 campaign).SWANSEA VSNORWICHThe Swans have won just four home games; their previous fewest home league wins is six (in 2012-13 and 2013-14) and they have just five games in which to avoid setting a new club record in the Premier League. Norwich, meanwhile, have lost 10 and drawn two of their 14 away games but when the teams met at Carrow Road in November, the home side won 1-0 with a goal from Jonny Howson.CRYSTAL PALACE VSLIVERPOOLCrystal Palace have now gone 11 games in the Barclays Premier League without a win; their last victory was in December at Stoke, while they last won at home against Southampton, also in the last month of last year. But Palace have won their last three league games, home and away, against Liverpool and are unbeaten in the last four.last_img read more

New Stress Control courses to begin in Donegal this April

first_imgLocal mental health charity Donegal Mind Wellness is set to launch another round of Stress Control courses in various locations around the county.Details of programmes beginning in April 2018 have been released this week, with courses due to commence in Donegal Town, Ballybofey, Gweedore and Letterkenny.The programme is open to everyone. It is easy to understand and there is no pressure to speak. it runs for 6 sessions and is for everyone. There is no charge for Stress Control and you don’t need to pre-book. Stress Control Programmes will be starting in the following locations –Donegal Town; Abbey Hotel; 9th April from 7 – 8:30pmBallybofey; Jackson’s Hotel; 10th April from 7- 8:30pmGweedore; Niamh Padraig Centre; 10th April from 7 – 8:30pmLetterkenny; Public Services Centre; 12th April from 5:30 – 7pmFor programme details, visit: donegalmindwellness.ie/coursesNew Stress Control courses to begin in Donegal this April was last modified: March 28th, 2018 by Rachel McLaughlinShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:donegal mind wellnessmental healthstress controllast_img read more