Tag: recession

The IMF has a new paper out summarizing the impact of the global crisis on 78 ‘low income countries’ (LICs) – the world’s poorest, many of them in Sub-Saharan Africa. Its findings include:

This article of mine first appeared in the 25th October issue of the Scotsman. If the 1930s are any guide, the seismic shock hitting the global economy has a long way to go. First came the plummeting stocks on Wall Street, then the social trauma of mass unemployment, soup kitchens and skid row. But they […]