China has driven global growth, which has averaged a paltry 3% a year since 2008. So the knock-on effects of a Chinese slowdown on the global economy would be significant. The OECD reckons a two-percentage-point decrease in the growth of Chinese domestic demand for two years would reduce world GDP by 0.3 percentage points a year. Including market corrections (a 10% decline in global equity prices and a 20-basis-point rise in equity risk premiums), global growth would be around half a percentage point lower. Countries with stronger links to China, like Japan, would be more severely affected, while GDP in America and the euro area would decline by a quarter of a percentage point.
http://www.economist.com/news/economic-and-financial-indicators/21635039-impact-china-slowdown?fsrc=scn/fb/te/ed/pe
Invoke Article 33 of the ILO constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of Forced Labour and Freedom of Association protocols.
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#Distancing
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