With nearly 89,000 deaths in 192 countries and territories and the number of cases now surpassing 1.5 million worldwide, much of the global economy has been shut down to contain the spread of the virus. The International Monetary Fund expects "global growth will turn sharply negative in 2020," with 170 of the fund's 180 members experiencing a decline in per capita income, Georgieva said. Just a few months ago, the fund was expecting 160 countries to see rising per capita income, she said in a speech previewing next week's spring meetings of the IMF and World Bank, which will be held virtually due to the restrictions imposed due to the COVID-19. - 'It could get worse' - Even in the best-case scenario, the IMF expects only a "partial recovery" next year, assuming the virus fades later in 2020, allowing normal business to resume as the lockdowns imposed to contain its spread are lifted. But she added this ominous caution: "It could get worse." There is "tremendous uncertainty around … [Read more...] about World faces worst crisis since Great Depression: IMF’s Georgieva
How to help depressed people
Giving every citizen VND1-1.5 million, which will be disbursed three times, to help cover basic needs is one of the initiatives that could help Vietnamese people overcome current difficulties. Asked about the budget for emergency assistance, Thang admitted that it is unfeasible to rely on the state budget. He suggested setting up a fund - Quy Gia Dinh Vietnam (Vietnamese family fund) - and calling for financial support from Vietnamese in Vietnam and overseas and economic sectors in society. … [Read more...] about Will VND1-1.5 million help people with basic needs during COVID-19?
"We believe that a number of other people traveled into the U.K. in a similar way to the 39 deceased throughout the month of October, and we hope that these people would be able to help us," Police Assistant Chief Constable Tim Smith, who works in Essex where the truck was found, said in a statement on Wednesday. … [Read more...] about UK police ask Vietnamese illegal immigrants for help in container deaths probe
A poor woman in the northern mountainous province of Ha Giang is facing a malignant pelvic tumour, while she is in the 28th week of pregnancy. Lu Thi Trinh from Hoang Su Phi District’s Dan Van Commune is staying at Viet Duc Hospital in Hanoi for the treatment. … [Read more...] about Pregnant woman on verge of death seeking help
“Many charity activities have been carried out in HCM City to help low-income people during the Covid-19 epidemic. However, people often gather to receive donations, posing a high risk of infection. So I used machinery equipment of our company to produce an automated rice distribution machine,” he added. … [Read more...] about HCM City businessman invents rice distribution machine for poor people