Browse Tag

covi19

COVID-19 to plunge South Asia into the worst recession

2 mins read

The FINANCIAL —  South Asia is set to plunge into its worst-ever recession as the devastating impacts of COVID-19 on the region’s economies linger on, taking a disproportionate toll on informal workers and pushing millions of South Asians into extreme poverty, says the World Bank in its twice-a-year-regional update. Released today, the latest South Asia Economic Focus Beaten or Broken? forecasts a sharper than expected economic slump across the region, with regional growth expected to contract by 7.7 percent in 2020, after topping 6 percent annually in the past five years. India’s economy, the region’s largest, is expected to contract by…

Read More »

COVID-19 to plunge South Asia into the worst recession

2 mins read

The FINANCIAL —  South Asia is set to plunge into its worst-ever recession as the devastating impacts of COVID-19 on the region’s economies linger on, taking a disproportionate toll on informal workers and pushing millions of South Asians into extreme poverty, says the World Bank in its twice-a-year-regional update. Released today, the latest South Asia Economic…

Georgian universities and vocational schools to resume studies in the auditoriums from 19 October

2 mins read

The FINANCIAL — At today’s session of the Interagency Coordination Council, it was announced that the education process will be resumed in the auditoriums of higher and vocational education institutions from 19 October, while kindergartens will open for pupils from 12 October. Said changes will not apply to Adjara, where the education process will continue…

UNICEF study says that cash transfers to children are helpful in overcoming poverty

2 mins read

The FINANCIAL — Child poverty is a big problem in today’s society. The problem itself creates other issues and affects many countries. Children born into poverty are more likely to experience a wide range of health problems. Poverty also puts an additional strain on families and in most cases these factors lead to mental health and…