Daily Archives: 04/03/2022

IMF BLOG: How War in Ukraine Is Reverberating Across World’s Regions

By Alfred Kammer, Jihad Azour, Abebe Aemro Selassie, IIan Goldfajn and Changyong Rhee

The conflict is a major blow to the global economy that will hurt growth and raise prices.

Beyond the suffering and humanitarian crisis from Russia’s invasion of Ukraine, the entire global economy will feel the effects of slower growth and faster inflation.

Impacts will flow through three main channels. One, higher prices for commodities like food and energy will push up inflation further, in turn eroding the value of incomes and weighing on demand. Two, neighboring economies in particular will grapple with disrupted trade, supply chains, and remittances as well as an historic surge in refugee flows. And three, reduced business confidence and higher investor uncertainty will weigh on asset prices, tightening financial conditions and potentially spurring capital outflows from emerging markets.      Continue reading

U.S.A. — Ketanji Brown Jackson on verge of becoming first Black woman on Supreme Court – By Mohamed Hamaludin

— Despite disgusting partisan questioning…

Ketanji Brown Jackson


  • “Do you coddle child pornographers and are you soft on crime?”
  • “Do you agree with this book that babies are racist?”
  • “Can you provide a definition for the word ‘woman’?”
  • “On a scale of 1 to 10, how faithful would you say you are in terms of religion?”
  • One that was missed: “Do you regret that you are not a white man?”

Those were some of the questions put to Ketanji Brown Jackson, President Joe Biden’s nomination to the U.S. Supreme Court, in last week’s U.S. Senate Judiciary Committee hearings.        Continue reading

CARICOM | Caught in a perfect economic storm – By David Jessop

Published: Sunday | March 20, 2022 – Jamaica Gleaner

Caricom heads of government meeting in Belize could not have been clearer about the ‘perfect storm’ that is about to strike the Caribbean.

Speaking at a post-summit press conference, John Briceño and Mia Mottley, the prime ministers of Belize and Barbados, respectively, both stressed the importance of a unified response to the multiplicity of global economic challenges facing the region. The emphasis now, they suggested, must be on actions that result in self-reliance and resilience.

In San Pedro, Caricom heads agreed that the region urgently needed to implement measures intended to create self-sufficiency in food production and energy, deliver an effective and viable Caricom Single Market and Economy, and more aggressively seek out the funding required to drive regional economic recovery.          Continue reading

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