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IMF encourages countries affected by COVID to keep spending on safety net

The International Monetary Fund issued a report Tuesday on the current global economic outlook. The IMF is projecting global growth will contract by more than 4% this year. That’s slightly better than its June forecast, but still pretty grim. For now, the IMF said all countries, not just the U.S., should stop worrying about their debt and spend what is needed to keep their c...

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The pandemic is only a prelude to a looming climate crisis

This crisis is a rupture. A moment of profound turmoil and disruption. Even more than the 2008–09 global financial crisis—which was most directly felt in the United States and in European countries—this pandemic is affecting almost all of humanity. In countries around the world, rich and poor, the COVID-19 crisis has exposed the vulnerabilities of our health and social syste...

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