Friday, July 22, 2016
Income per head in sub-Saharan Africa, the world's poorest region, will fall this year for the first time since 1994, according to the International Monetary Fund.
The fund has downgraded its forecast for gross domestic product growth in sub-Saharan Africa from the 3 per cent it foresaw in April to just 1.6 per cent, well below expectations of population growth of 2.5 per cent.
The sharp slowdown will entrench poverty in a region where annual per capita GDP in purchasing power parity terms is just $3,869.
"This [fall in per capita GDP] is very bad news. It's something that people really haven't paid enough attention to in Africa," said John Ashbourne, Africa economist at Capital Economics.
A very serious situation- See more at: http://www.pravdareport.com/world/africa/22-07-2016/135088-lake_chad_catastrophe-0/#sthash.5Ad0QAkl.dpuf
An Irish navy ship recovered 17 dead bodies on Thursday when it went to the aid of migrants packed onto a wooden boat off the coast of Libya, Italy's coastguard said, marking another deadly day of attempted sea crossings.
The LE James Joyce, which is in the Mediterranean specifically to perform search-and-rescue operations, brought on board the bodies of 16 men and one boy, a coastguard spokesman said. He could provide no further details about the cause of death or the nationalities of the dead.
The initiative was announced at the US Global Entrepreneurship Summit last month (23 June) by USAID administrator Gayle Smith.
Global warming will cost the world economy more than £1.5 trillion a year in lost productivity by 2030 as it becomes too hot to work in many jobs, according to a major new report.
The El Nino weather pattern is likely to dissipate by early August, giving way to La Nina, two top officials of the Indian weather office said on Tuesday, swelling already bountiful monsoon rains that are crucial for India's farm sector.
India is almost halfway through its four-month monsoon season and plentiful rains so far have lifted farmers' hopes of a revival in output and incomes after the El Nino weather phenomenon led to two straight years of drought.
Residents of a small farming community in eastern Colorado have been warned to avoid drinking the town's water after THC, the psychoactive agent in marijuana, was found in one of its feeder wells, authorities said on Thursday.