IMF cuts post-pandemic growth outlook as supply disruptions linger
12 October 2021 | 3:00 pm
The revision comes as the post-pandemic recovery falters in advanced economies, including the US and Germany. The IMF has kept its growth forecast for 2022 unchanged but has warned of "dangerous" divergent recoveries.
International travel picked up over the summer, but Covid-19 is still expected to cost the global tourism industry some €1.8 trillion in 2021. Also, French finance minister Bruno Le Maire remains optimistic about the recovery despite concerns over the Omicron variant, and farmers in India continue their protest movement despite concessions from the government.
The OECD says recovery is being held back by supply bottlenecks and labor shortages. Calling for swifter vaccinations, it warns growth could be further derailed by new variant omicron.
No three-piece suits, no dress shoes, no ties. Instead, Germany's new leaders appear in sneakers and unbuttoned shirts. A change in style that also symbolizes a new attitude.
It was the first vaccine to be approved, and as the Russian jab is rolled out globally, it's providing welcome relief to countries such as India. But the low-cost inoculation is more of a prestige project for the Kremlin than an altruistic endeavour.
France is home to some of the biggest luxury brands in the world. While many everyday businesses have struggled to bounce back from the health crisis, it’s been just the opposite for the most exclusive French labels. Jean-Noël Kapferer, professor emeritus of marketing, talks us through the success of luxury brands bouncing back from the pandemic. We also see how the luxury sector is making its way into the second-hand market, bringing in a whole new clientele.
After being on hold for months due to the Covid-19 pandemic, French archaeological missions are back in Egypt, where many treasures are waiting to be discovered. Exploring the city of Luxor is a dream for many archaeologists, who each day hope their painstaking work will yield fresh treasures. A few kilometres from the Valley of the Kings, Isabelle Régen and her team are studying one of the most fascinating tombs discovered in the country. Our France 2 colleagues report, with FRANCE 24's Olivia Bizot.
Around the world, people have had to change how they work because of the Covid-19 pandemic. Some of those changes look set to become permanent. What could all this mean for European employers, employees and work-life balance? We take a closer look with two MEPs.
The entire workforce had no choice but to develop new skills and experiences during the pandemic. Our population has been forced into a crash course on modern technology, and the result is that more people than ever have the skills and knowledge to work effectively from anywhere.
The International Monetary Fund's executive board has approved the extension of $115 million in debt relief to 25 eligible low-income countries from January 11 to April 13 next year in an effort to help them ride out pandemic-induced headwinds.
Travel plans are being disrupted around the world amid a surge in coronavirus cases, driven by the highly contagious omicron variant. Airlines in the US, Australia and other countries have canceled hundreds of flights, citing the impact of omicron infections on employees and passengers.
There is a lot of information out there about the pandemic, COVID-19 and the virus that causes it, but also a lot of mis- and disinformation. To tell one from the other, it helps to understand how science works.
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