World gross product, level and annual changes, 2010–2020 and projected through 2021. The COVID-19 pandemic has paralyzed large parts of the global economy, sharply restricting economic activities, increasing uncertainties and unleashing a recession unseen since the Great Depression. Global gross domestic product (GDP) is forecast to shrink by 3.2 per cent in 2020, with only a gradual recovery of lost output projected for 2021. Cumulatively, the world economy is expected to lose nearly $8.5 trillion in output in 2020 and 2021, nearly wiping out the cumulative output gains of the previous four years. Data: UN DESA, based on scenarios produced with the World Economic Forecasting Model (WEFM). Graphic: UN DESA

UN World Economic Situation report: Global economy to contract by 3.2 percent in 2020 – 34 million people to fall below the extreme poverty line

13 May 2020 (UNDESA) – Against the backdrop of a devastating pandemic, the global economy is projected to contract sharply by 3.2 per cent this year, according to the United Nations World Economic Situation and Prospects (WESP) mid-2020 report, released today. The global economy is expected to lose nearly $8.5 trillion in output over the […]

Forcibly displaced people worldwide, 1990-2019. At the end of 2019, nearly 80 million people were displaced as a result of persecution, conflict, violence, human rights violations, or events seriously disturbing public order. Forced displacement is now affecting more than one per cent of humanity – 1 in every 97 people – and with fewer and fewer of those who flee being able to return home. Graphic: UNHCR

UN refugee report 2020: 1 percent of humanity now displaced, doubling since 2010 – “Forced displacement now is not only vastly more widespread but is no longer a short-term and temporary phenomenon”

18 June 2020 (UNHCR) – UNHCR, the UN Refugee Agency, is today appealing to countries worldwide to do far more to find homes for millions of refugees and others displaced by conflict, persecution or events seriously disturbing public order. This is as a report released today showed that forced displacement is now affecting more than […]

A performance protest on 15 June 2020 in Brasilia honors Brazilians who died after contracting the novel coronavirus. Photo: Adriano Machado / Reuters

Brazil ignored the warnings about COVID-19 – “A human catastrophe of unimaginable proportions”

By Terrence McCoy 16 June 2020 RIO DE JANEIRO (The Washington Post) – Weeks ago, when this seaside metropolis had recorded fewer than 10,000 cases of the novel coronavirus and there still appeared to be time, some of Brazil’s most respected scientists made their last-ditch appeal. The country had reached a pivotal juncture. Cases were […]

Collateralized loan obligations (CLOs): An Illustrated Guide. Data: Fitch Ratings. The fourth CLO depicts an aggregate leveraged-loan default rate of 78 percent. Graphic: the Atlantic

The looming bank collapse – “This crisis is more horrifying than I anticipated”

By Frank Partnoy 14 June 2020 (The Atlantic) – After months of living with the coronavirus pandemic, American citizens are well aware of the toll it has taken on the economy: broken supply chains, record unemployment, failing small businesses. All of these factors are serious and could mire the United States in a deep, prolonged […]

Accumulated Amazon deforestation Jan-Apr, 2009-2020. Data: INPE. Graphic: Mongabay

14 straight months of rising Amazon deforestation in Brazil

By Rhett A. Butler 12 June 2020 (Mongabay) – Deforestation in Earth’s largest rainforest increased for the fourteenth consecutive month according to data released today by the Brazilian government. Deforestation in the Brazilian Amazon is currently pacing 83 percent ahead of where it was a year ago. Data from Brazil’s national space research institute INPE […]

UN Secretary-General António Guterres warns of a global food crisis caused by Covid-19 during a speech on 9 June 2020. Photo: UN News

UN warns of global food crisis – “It is increasingly clear that there is an impending global food emergency that could have long term impacts on hundreds of millions of children and adults”

9 June 2020 (UN News) – Although the COVID-19 pandemic could push nearly 50 million more people into extreme poverty, this and other dire impacts of the crisis can be avoided if countries act immediately to shore up global food security, the UN Secretary-General said on Tuesday. For his latest policy brief on the pandemic, […]

Map showing the Global Peace Index for 2020. The average level of global peacefulness deteriorated 0.34 percent on the 2020 GPI. This is the ninth time in the last 12 years that global peacefulness has deteriorated. Graphic: Institute for Economics and Peace

Global peacefulness falls for the fourth time in the last five years – “We find ourselves at a critical juncture”

11 June 2020 (Institute for Economics and Peace) – This is the 14th edition of the Global Peace Index (GPI), which ranks 163 independent states and territories according to their level of peacefulness. In addition to presenting the findings from the 2020 GPI, this year’s report includes an analysis of the effect of the COVID-19 […]

Screenshot from “Honest Government Ad: Economic Recovery”. Photo: The Juice Media

Honest Government Ad: Economic Recovery in Australia

4 June 2020 (The Juice Media) – Hello, I’m from the Australian government. As we head into the worst economic recession in living history, what the nation needs now is leadership, evidence-based policies, and bold vision. And fucked if we have those. So instead, we’ve cooked up something else. That’s right, while you’ve been in […]

Indigenous leader Davi Kopenawa Yanomami delivers a 30-page report at the United Nations Commission on Human Rights in Geneva, Switzerland, on Tuesday, 3 March 2020, in which he notes that indigenous peoples isolated in the Amazon are at serious risk of genocide if they continue to "explode deforestation on their land." Photo: Marcelo Seixas / Funai

Deforestation drives cases of Covid-19 among indigenous peoples – “There is no decreased effect of deforestation with coronavirus, quite the contrary”

By Mark Candido 25 May 2020 São Paulo (ECOA) – Indigenous lands with the largest deforested areas in the country are also among the most vulnerable to the advance of the new coronavirus. According to experts, invaders may have taken the city’s virus toward the Yanomami and Raposa Serra do Sol lands in Roraima. In […]

Annual Greenhouse Gas Index (AGGI), 1750-2019. For 2019, the AGGI was a record high 1.45, representing an increase in total direct radiative forcing of 45% since 1990. The increase in radiative forcing from CO2 alone since 1990 was 60.6%. Pre-1978 changes in the CO2-equivalent abundance and AGGI are based on the ongoing measurements of all greenhouse gases reported here, measurements of CO2 going back to the 1950s from C.D. Keeling (Keeling et al., 1958), and atmospheric changes derived from air trapped in ice and snow above glaciers (Machida et al., 1995, Battle et al., 1996, Etheridge, et al., 1996; Butler, et al., 1999). Equivalent CO2 atmospheric amounts (in ppm) are derived with the relationship between CO2 concentrations and radiative forcing from all long-lived greenhouse gases. Graphic: Butler and Montzka, 2020 / NOAA

NOAA Annual Greenhouse Gas Index reached another record high in 2019 – Total direct radiative forcing has increased 45 percent since 1990

14 May 2020 (NOAA) – […] The NOAA monitoring program provides high-precision measurements of the global abundance and distribution of long-lived greenhouse gases that are used to calculate changes in radiative climate forcing. Air samples are collected through the NOAA/GML global air sampling network, including a cooperative program for the carbon gases which provides samples […]

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