Indonesian Newspaper Koran Jakarta quoted Eric LeCompte in an article discussing the International Monetary Fund's global economic growth estimates. Read an excerpt below and the full article here.
IMF: Developing Countries' Recovery Will Take Years
By Fredrikus Wolgabrink Sabini
The International Monetary Fund (IMF) estimates that global economic growth in 2021 will be slightly lower than the previous forecast in July which was projected to grow 6 percent. The downward revision was due to debt and inflation risks as well as different economic trends after the Covid-19 pandemic.
IMF Managing Director, Kristalina Georgieva, in an online speech at Bocconi University, Italy, Tuesday (5/10), said the global economy was rebounding, but the recovery was limited due to the vaccination gap.
Meanwhile, Jubilee USA Network Executive Director, Eric LeCompte, said high debt, soaring food prices and a lack of vaccines are the biggest threats facing developing countries.
"We calculate the economic loss in the trillions if developing countries cannot access a vaccine," LeCompte said.
Read more here.