Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 279

Posts Tagged ‘pressures’

World Bank and crisis-fighting

Posted by fidest press agency su sabato, 11 giugno 2011

Washington, As they put the financial crisis behind them, developing countries need to focus on tackling country-specific challenges such as achieving balanced growth through structural reforms, coping with inflationary pressures, and dealing with high commodity prices, the World Bank says in its June 2011 edition of Global Economic Prospects. The World Bank projects that as developing countries reach full capacity, growth will slow from 7.3 percent in 2010 to around 6.3 percent each year from 2011-2013. High-income countries will see growth slow from 2.7 percent in 2010 to 2.2 percent in 2011 before picking up to 2.7 percent and 2.6 percent in 2012 and 2013 respectively.
Recent events in Japan and the political turmoil in the Middle East and North Africa have cut sharply into domestic growth, but spillover effects to other economies are expected to be modest. GDP growth in 2011 will likely be flat in Japan. Among developing Middle-East and North African countries, GDP growth in 2011 will be weakest in Egypt (1 percent), Tunisia (1.5 percent), and Libya. While uncertain, growth in both Egypt and Tunisia is projected to pick up in 2012, reaching close to 5 percent by 2013.
Inflation in developing countries reached almost 7 percent year-over-year in March 2011, more than 3 percentage points higher than the low point in July 2009. Inflation in high-income countries has also picked up reaching 2.8 percent in April 2011. The biggest increases in inflation have been in the East Asian and Middle-East and North African regions, reflecting capacity constraints in the former and food prices in the latter. High oil prices and production shortfalls due to bad weather have contributed to higher food prices, which has negative consequences for the poor who spend a high proportion of their income on food. Although domestic food prices in most developing countries rose much less than international prices during the 2010/11 spike (7.9 percent since June 2010 versus 40 percent for international prices), local prices may rise further as international price changes slowly pass through into domestic markets. In addition, if the 2011/12 crop year disappoints, food prices may rise further, placing additional pressures on the incomes, nutrition, and health of poor families. The full report and accompanying datasets are available at

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Consultation on Poverty

Posted by fidest press agency su mercoledì, 10 novembre 2010

Budapest.  In the opening speech of the conference H.E. Metropolitan Emmanuel of France, President of CEC, stressed that: ‘”Economic liberalism that was self regulatory before, has arrived at the limit of its expression… There is a crisis of values that places man in front of his own responsibilities, as a person in relation and as a person in relationship.” Churches cannot stand outside of this process, there is active role that churches have to undertake in responding to challenges coming to us from the society we are living in. “We have to promote the development of a new lifestyle, while getting rid of the pressures of the economy and consumerism; we must focus on an ethics of responsibility for our life, conducive to sustainable development.  Faith and works are intimately related,” underlined Metropolitan Emmanuel.  During its opening day, the conference was adressed by Mr Imre Nyitrai, Deputy State Secretary in the Ministery of National Resouces of the Hungarian government. In his presentation, he outlined the strategy of the Hungarian government for addresing poverty. Mr. Nyitrai stressed that there is a close link between employment and poverty. “Particular attention has to be given to child poverty and to do all that is possible to stop the intergenerational transfer of poverty.”  A strong social engagement of the churches is expected. “In particular in contributing to social services, in helping victims of natural disasters and in providing necessary education,” emphasised Mr Nyitrai.
In the theological elaboration of the theme of the conference, Prof. Heinrich Bedford-Strohm, Univertsity of Bamberg, concluded: “It is not only the Bible but also the teachings and great traditions of our churches that speak a clear language concerning the very moral basis of economic activity. The goal of economy is for a just participation for all members of society.”

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