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India most affected by Global Economic Slowdown: IMF Chief

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Kristalina Georgieva

Washington, Oct 9 : International Monetary Fund (IMF) Managing Director, Kristalina Georgieva said that effect of “synchronized slowdown” in global economy is “more pronounced” in emerging market economies like India .

“In the United States and Germany, unemployment is at historic lows. Yet across advanced economies, including in the US, Japan, and especially the Euro area, there is a softening of economic activity. In some of the largest emerging market economies, such as India and Brazil, the slowdown is even more pronounced this year,” she said.

The IMF had cut its projection for India’s economic growth by 0.3 percentage points to 7 per cent for the fiscal year 2019-20 owing to the “weaker-than-expected outlook” for the domestic demand.

Georgieva pointed out that the widespread deceleration means that growth in 2019-20 will fall to its “lowest rate” since the beginning of the decade. Almost 90 per cent of the world will face slower growth, she said on Tuesday.

“Two years ago, the global economy was in a synchronized upswing. Measured by GDP, nearly 75 per cent of the world was accelerating. The global economy is now in a synchronized slowdown. In 2019, we expect slower growth in nearly 90 per cent of the world,” said Georgieva in her first speech as managing director of the International Monetary Fund.

The IMF Managing Director said that global trade growth has come to a “near standstill.”

Disaster

US patient receives $840,000 bill for COVID-19 treatment

“It’s scary. I don’t care how much you have covered. It’s scary to see that kind of number and not really know.”

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US Dollar

Washington, May 31 : A high school teacher from the US state of Colorado was shocked to receive a medical bill of $840,000 for his treatment for COVID-19, local media reported.

The bill received by Robert Dennis, a Centennial High School teacher, covered Dennis’ time at Denver’s Sky Ridge hospital, where he was put on a ventilator in the intensive care unit for two weeks, reports Xinhua news agency.

However, what was not included was Dennis’ three weeks at Spalding Rehabilitation Hospital, or his wife’s trips to the emergency room when she was also fighting the virus.

The couple estimated that their total bills would top $1.5 million.

The couple had insurance and they planned to call to make sure that they were covered.

“Seeing that number yesterday for the first bill, it took your breath away again,” the wife said.

“It’s scary. I don’t care how much you have covered. It’s scary to see that kind of number and not really know.”

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Lifestyle

Jerusalem’s Al-Aqsa mosque reopens after 2 months

The Al-Aqsa mosque is part of the Temple Mount/Haram al-Sharif compound, which is one of Islam’s holiest sites and the holiest site in Judaism.

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Masjid Al Aqsa

Jerusalem, May 31 : After remaining closed for two months due to the coronavirus pandemic, the compound of the Al-Aqsa mosque in Jerusalem, which is the third-holiest site in Islam after Mecca and Medina in Saudi Arabia, started welcoming worshippers from Sunday again.

Hundreds of people, many of whom wore protective masks, chanted “god is great” as they stood at the mosque’s wooden doors, while some kissed the ground, reports the BBC.

They were then greeted by mosque director Omar al-Kiswani, who thanked them for being patient.

The compound also houses the Dome of the Rock.

Prayers will be held in the open in marked sections, each holding up to 50 people, reports The Times of Israel.

The Al-Aqsa mosque is part of the Temple Mount/Haram al-Sharif compound, which is one of Islam’s holiest sites and the holiest site in Judaism.

The site is a source of religious and political tension between Israelis and Palestinians and a frequent flashpoint for violence.

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Entertainment

Kendrick Sampson hit by rubber bullet at Los Angeles protest

In one video, LAPD officers can be seen firing rubber bullets to try and regain control at Pan Pacific Park.

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KENDRICK SAMPSON

Los Angeles, May 31 : “Insecure” actor Kendrick Sampson says he was hit by rubber bullets and even a police officer’s baton while protesting in California.

The “Vampire Diaries” star took to Instagram to show videos from marches in the Los Angeles area, reports usatoday.com.

“They’re gonna arrest all of us,” Sampson said in one video clip, adding: “Just to let y’all know, they’re telling us to disburse, but they boxed us in.”

The protests stemmed from the death of George Floyd, who died after a Minneapolis police officer placed his knee on Floyd’s neck for several minutes.

In one video, LAPD officers can be seen firing rubber bullets to try and regain control at Pan Pacific Park.

“They shot me four times already. I already got hurt and I got hit with a baton,” Sampson said on Instagram.

Another video showed the actor backing away from the police, as he appeared to be hit by an officer’s baton, reports deadline.com.

aceY’all ain’t see no police f***ing up white folks when they took guns to the statehouse,” he said, while referring to an incident in Michigan over coronavirus restrictions, not in California.

“Ya all didn’t see police attacking white folks, beating em up with batons, shooting them with rubber bullets when they brought guns to f***ing state houses. We came up here with no weapons, with masks.a And we’re the ones who are not peaceful,” he added.

The actor also tagged “Black lives matter supporters”, and tweeted for elected officials to “defund police”, citing brutality in multiple cities across the US.

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