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
April –
MONTH OF PLANET EARTH!
“Climate change, El Nino,
and the Middle East conflict
are wreaking havoc on Planet Earth.”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
April – Month of Planet Earth
Weekly Observances:
April 24-30 — World Immunization Week
Daily Observances:
Apr 5 — International Day of Conscience
Apr 7 — World Health Day
Apr 15 — International Day of Wellness
Apr 21 — Civil Service Day
Apr 22 – World Earth Day
Apr 28 – World Day for Safety and Health
at Work
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
