Toward a More Resilient Europe
Jul 13 2020 (IPS) – Europe, like the rest of the world, faces an extended crisis. An element of social distancing—mandatory or voluntary—will be with us for as long as this pandemic persists. This, coupled with continued supply chain disruptions and other problems, is prolonging an already difficult situation. Based on released last month, we now expect real GDP in the EU to contract by 9.3 percent in 2020 and then grow by 5.7 percent in 2021, returning to its 2019 level only in 2022. If an effective treatment or vaccine for COVID 19 is found, the recovery could be faster—but the opposite would hold true if there are large new waves of infection.
Some European countries will face a tougher recovery path than others. Several went into the crisis with entrenched product and labor market rigidities holding back their growth potential. Others depend on indus…
In Latin America, Heat Warnings Can Prevent Deaths
Residents of Mexico City take shelter from the heat in a covered area, on a central street in the capital, in the month of March, when spring has not even arrived yet in the country. Heat waves will become more frequent and will last longer, due to the climate emergency. CREDIT: Emilio Godoy/IPS
MEXICO CITY, Mar 14 2023 (IPS) – On Mar. 9, more than half of Mexico reported maximum temperatures above 30 degrees Celsius, although spring has not even arrived yet in this Latin American country located in the northern hemisphere.
In fact, the , which brings together the federal governm…