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What We Need to Know About the Global Economy in 2022

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The Global Economy in 2022

The Global Economy – Everywhere you see and hear from all the governments: Our main priority is the health of our citizens. We agree, but in vain you have health if you die of hunger and have nowhere to work. Due to the pandemic, many lost their jobs or were forced to work part-time at home.

The coronavirus crisis is a major shock to the European and global economies. Member States have already taken budgetary, political, and liquidity measures to increase the capacity of health systems and to provide assistance to severely affected people and sectors.

Many European countries, especially those in the tail of Europe, have received financial aid to help people affected by the pandemic, but often the aid provided does not reach its destination, it is probably lost in the way, through the pockets of the governments.

They often say to the elders, “I may not die of COVID, but I will certainly starve to death.”

The coronavirus crisis poses a real threat to people’s living standards. During this health crisis, it is vital that we protect not only the critical sectors of the economy, but also our assets, technology, and infrastructure.

canteen for the poor

But first and foremost, we need to protect jobs and workers. And yet, new and new restrictions are being imposed, new COVID variants are moving from country to country, to make you wonder how the Omicron version has spread so fast around the globe.

With the COVID crisis being triggered, the restriction of free movement has begun, moreover, there is some discrimination and marginalization imposed by the governments of some countries or simply between peers, maybe and you are also, familiar with the attitude of those who are vaccinated. would put VACCINATED badges on his chest, forehead, clothes, and shoes.

This reminds me of how the Jews felt when they were stigmatized by the Nazis and forced to put badges on their chests – I’M JEW, and everyone avoided them.

Global Economy – Ensuring the supply of essential foods

The European Aid Fund for the Most Deprived (EAFRD) supports Member States’ actions to provide basic food and material assistance to the poorest sections of the population. In addition to food, the assistance provided includes clothing and other essential items for personal use, such as footwear, soaps, and shampoo.

Material assistance must go hand in hand with social inclusion measures, in particular counseling and support services that aim to help those affected out of poverty. FEAD will help disadvantaged people take the first steps to escape poverty and social exclusion.

The fund will help to meet the most basic needs of these people, an essential condition for them to get a job or a training course, such as those supported by the European Social Fund (ESF).

FEAD Community

Created in 2016, the FEAD Community is an open network for people who provide assistance to disadvantaged groups in Europe. This includes:

  • national managing authorities of the FEAD
  • organizations that carry out or intend to carry out activities funded under the FEAD
  • EU-level NGOs
  • EU institutions.

The FEAD Network is a space that allows the exchange of good practices and encourages new ideas.

Global Economy – The EU economy is recovering faster?

The EU economy is recovering faster than expected from the recession caused by the pandemic. As vaccination campaigns progressed and restrictions began to be lifted, EU economic growth returned and shifted from recovery to expansion. And yet, the recent Omicron may paralyze the economy again.

New daily cases of coronavirus contamination have been reported in the United States, with a seven-day average of more than 267,000 on Tuesday, according to the New York Times.

Two highly contagious variants – Delta and Omicron – have disrupted air traffic and public transportation, hospitals are once again full to the brim and the United States is preparing for another complicated winter, given that the world’s population is vaccinated!

The U.S. Centers for Disease Control and Prevention has reduced the number of quarantine days for infected people from 10 to 5, a change caused by the rapid spread of the Omicron variant, leading to an acute shortage of labor, with the most affected industries being services, air transport and of course the medical sector.

The World Health Organization (WHO) has warned that the Omicron variant of the new coronavirus could put unprecedented pressure on health care systems – although a number of studies suggest that it causes milder forms of Covid-19.

USAID helping people with food and clothing

Some countries have reintroduced harsh restrictions

China and many European countries have reintroduced harsh restrictions to limit the spread of the Omicron variant: France, Italy, Portugal and the United Kingdom were among the countries that reported record daily rates of infection after the Christmas holidays.

Experts say that the actual number of cases of infection or reinfection with the Omicron variant is probably much higher than the official figures indicate, and this is because fewer tests are performed and only a small percentage of these tests are analyzed to detect the new variant.

Another reason is that Omicron causes many asymptomatic cases, which look like a cold (- if so why be scared?)

The WHO has warned that the rapid spread of the Omicron variant “will continue to lead to a large number of hospitalizations, especially among unvaccinated people, and will lead to overloading of hospitals and other essential services” – although even the WHO said that the new variant Omicron causes many asymptomatic cases, which look like a cold and are much lighter than the original COVID variant.

 

 

 

 

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