As Detroit files plan to fix debt and leave bankruptcy one local resident is anxiously awaiting the outcome of the reorganization. Janice Pegg relies on a pension her late husband earned from his two decades as a police officer in the city. (Feb. 21).
As Detroit files plan to fix debt and leave bankruptcy one local resident is anxiously awaiting the outcome of the reorganization. Janice Pegg relies on a pension her late husband earned from his two decades as a police officer in the city. (Feb. 21)
News video | 276 views
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Global debt has jumped to a new high
The International Monetary Fund (IMF) said global debt has jumped to a new high of $226 trillion with India’s dues projected to rise to 90.6 per cent in 2021, due to COVID-19 and policies put in place to respond to it. Advanced economies and China contributed over 90% to the accumulation of debt in 2020 and the remaining emerging economies and low-income developing countries contributed only around seven per cent. India's debt increased to 89.6% of its GDP in 2020 from 68.9% in 2016. This increase is, by far, the largest on record. This figure includes both public and non-financial private sector debt. The remaining emerging economies and low-income developing countries contributed only around seven percent. It is projected to jump to 90.6 percent in 2021 and then decline to 88.8 percent in 2022, to gradually reach 85.2 percent in 2026. The IMF said risks to the fiscal outlook are elevated. A scaling up of vaccine production and delivery, especially to emerging markets and low-income developing countries, would limit further damage to the global economy.
Constraints on financing are particularly severe for poorer countries. Noting that in 2020, fiscal policy proved its worth, he said the increase in public debt, in 2020, was fully justified by the need to respond to COVID-19 and its economic, social, and financial consequences. But the increase is expected to be one-off. After that it is projected to stabilise at about 97 percent of GDP. These debt dynamics are driven by a strong contribution from nominal GDP growth, accompanied by a much more gradual reduction in the primary deficit, he said. The IMF further said that, risks to the fiscal outlook are elevated. A scaling up of vaccine production and delivery, especially to emerging markets and low-income developing countries, would limit further damage to the global economy. On the downside, new variants of the v
Technology video | 206 views
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Technology video | 763 views
Time is quickly running out for lawmakers to agree on a deal to avoid default and end the partial government shutdown, now in its third week. With a last-minute Senate deal close, the House GOP pushed a plan of its own, then postponed it.
News video | 422 views
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News video | 167 views
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Watch My other Vlogs -
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Watch My Disney Princess to Indian Wedding Series here - Its fun to watch Indian Avatar of Disney Princesses -
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মানুহৰ জীৱনৰ ধৰ্ম আৰু কৰ্ম কিহৰ দ্বাৰা পৰিচালিত হয়?
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ভগৱান শ্ৰীকৃষ্ণৰ জীৱন দৰ্শনৰ পৰা আমি কি কি কথা শিকা উচিত?
Vlogs video | 492 views
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