Sunday, May 19, 2019

World Press Freedom Day 2019

               This post is a summary of three articles. The first was published at  https://www.un.org/en/events/pressfreedomday/.  The second was published on May 1, 2019 at  https://www.forbes.com/sites/ewelinaochab/2019/05/01/for-the-world-press-freedom-day-and-beyond-defend-media-freedom/#6144a37d5b9e. The third was published in September 2018 at  https://rsf.org/en/news/brazils-protection-human-rights-defenders-extended-journalists-0

              The 26th celebration of World Press Freedom Day (WPFD) is jointly organized by UNESCO, the African Union Commission and the government of Ethiopia. This year's theme "Media for Democracy: Journalism and Elections in Times of Disinformation," discusses current challenges faced by media in elections, along with the media's potential in supporting  reconciliation processes.
             The theme for this year's "Media for Democracy: Journalism and Elections in Times of Disinformation." The concept note for the celebration states: "Today, the contribution of free, pluralistic, independent journalism to democracy is under unprecedent stress. Also, election outcomes and their aftermath are critically affected by political discourse and communications, including the role of the media in relation to the polling process. Many societies have falling trust in established political parties and in news outlets themselves. This is often accompanied by polarizing political discourse that theatens peaceful elections as well as press freedom." Ensuring the safety of journalists is the primary way by which we can foster the independence and freedom of the press, as crucial for democracy. Such a goal is also vital to ensure public access to information. And indeed the threat is real. According to the International Federation of Journalists, in 2018 alone, at least 94 journalists were killed. The most dangerous countries for journalists in 2018 were Afghanistan with 16 fatalities and Mexico with 11, Followed by Yemen with 9, Syria with 8 and India with 7. The data, presented by Reporters Without Borders (RSF), identifies slightly lower numbers of fatalities at 80. The RSF report further confirms that three journalists were reported missing, 60 held hostage and 348 detained. Despite the difference in figures, both agree that 2018 witnessed an increase in such fatalities and the level of threat to journalists. The serious threat to journalists' safety is characteristic of conflict areas. However, the mentioned reports feature many countries without reputations for active armed conflicts. Places like Mexico, U.S. or India. In the U.S. for example, four journalists employed by the Capital Gazette in Annapolis, Maryland were killed on June 28th, 2018, when a man walked in and opened fire. Recent years have shown that even strong and stable European countries do not escape violence against journalists. For example, in October 2017, Daphne Galizia, a Maltese journalist exposing government corruption by Maltese politicians was murdered in a car bomb attack. 19 months later, investigators are still no closer to expose those responsible for the act. In February 2018, Slovak investigative journalist Ján Kuciak, who had been investigating corruption allegations linking Slovak Businessman and politicians to Italian organized crime, was murdered alongside his fiancée Martina Kusnirova. Investigative journalism on the subject of corruption also calimed the life of Bulgarian journalist Victoria Marinova in October 2018. Aside from concerning fatality rates, it is crucial to emphasize the high numbers of journalists being detained because of their work. According to RSF, in 2017, more than half of the world's imprisoned journalists are being held in just five countries: China, Egypt, Turkey, Saudi Arabia and Iran. To respond to some of the identified challenges, only a few weeks before the World Press Freedom Day, British Foreign Secretary Jeremy Hunt and Canadian Foreign Minister Chrystia Freeland launched a joint initiative "Defend Media Freedom" that aims to shine a spotlight on media abuse and address the trend of violence against journalists. On July 10-11, 2019, the U.K. and Canada will host the International Conference on Media Freedom to further the aims of the joint campaign. Another initiative that needs to be mentioned is TrialWatch launched by the Clooney Foundation for Justice in cooperation with the Office of the United Nations High Commissioner for Human Rights, Columbia Law School and Microsoft. Among others, the initiative will monitor trials of journalists around the world to ensurer that the judicial system is not used to silence journalists and curtail freedom of speech.
                  Reporters Without Borders (RSF) and other press freedom NGOs met this week in Brasilia with the staff of Brasil's mechanism for the protection of human rights defenders, which will now also be available to journalists in danger. RSF welcomes the decision to extend the range of those covered by the mechanism. It is intended to permanently reinforce the protection available to journalists and is fully justified by the violence to which many of them are exposed in Brazil. The protection provided by the mechanism, which was created in 2004 and is attached to the Ministry of Human Rights, was extended on 4 September 2018 to Comunicadores, a term that in Brazil covers not only staff journalists but also freelancers, non-professional journalists and bloggers. An expansiom of the mechanism's scope has long been one of RSF's main recommendations in Brazil and its realization now is the result of a rapprochement between the MDH and the press freedom groups in the National Human Rights Council. During the meeting in Brasilia on 10 September, RSF shared its experise, helped define the types of threats and the profile of victims, and assisted MDH staff, whose initial goal from now until the end of the year is to publicize the extension of the mechanism's protection. Exactly how it will be implemented and the criteria for determining who benefits in practice have yet to be determined.

Sunday, May 12, 2019

GDP Growth 2018

               This post is a summary of the book with the title of,"World Economic Outlook -  Growth Slowdown, Precarious Recovery." Published in April 2019 at  https://www.imf.org/en/Publications/WEO/Issues/2019/03/28/world-economic-outlook-april-2019                               

               One year ago economic activity was accelerating in almost all regions of the world and global economy was projected to grow at 3.9% in 2018 and 2019. One year later, much has changed: the escalation of US-China trade tensions, macroeconomic stress in Argentina and Turkey, disruptions to the auto sector in Germany, tigher credit policies in China, and financial tightening policy in the larger advanced economies have all contributed to a significantly weakened global expansion, especially in the second half of 2018. With this weakness expected to persist into the first half of 2019, the WEO projects a decline in growth in 2019 for 70% of the global economy. Global growth, which peaked at close 4% in 2017, softened to 3.6% in 2018, and is projected to decline further to 3.3% in 2019. While 2019 started out on a weak footing, a pickup is supported by significant policy accomodation by major economies, made possible by the absence of inflationary pressure despite closing output gal. U.S. Federal Reserve, in response to rising global risks, paused interest rate increases and signaled no increases for the rest of the year. The European Central Bank, the Bank of Japan, and the Bank of England have all shifted to a more accomodative stance. These policy responses have helped reverse the tigtening of financial conditions to varying degrees across countries. Emerging markets have experienced a resumption in portfolio flows, a decline in sovereign borrowing costs, and a strengthening of their currencies relative to the dollar. In Latin America, growth is projected to recovery over the next two years, to 1.4% in 2019 and 2.4% in 2020. In Brazil, growth is projected to strengthen from 1.1% in 2018 to 2.1% in 2019 and 2.5% in 2020. For emerging markets and developing 4.8% over the medium term. The medium-term growth forecast for developing economies reflects important diferences across regions. In emerging Asia, growth is expected to remain above 6% through the forecast. In Brazil, the main priority is to contain rising public debt while ensuring that needed social spending remain intact. The spending cap introduced in 2016, which envisages a 0.5% 0f GDP a year improvement in the primary fiscal balance, is a step in the right direction towards facilitating fiscal consolidation. With inflation still close to target, monetary policy can stay accomodative to support aggregate demand as needed. Building on recent reforms to labor and subsidized credit markets, efforts to improve infrastructure and the efficiency of financial intermediation would help lift productivity and boost medium-term growth prospects. Below the GDP growth in 2018 from the greatest growth to the lowest of each list. The first list is for countries in the Americas and the other is for the rest of the world.

GDP 2018 in PanAmerican countries                                 Rest of the World
Bolivia   4.3%                                                                       Libya   17.9%          
Peru  4.0%                                                                           Ethiopia   7.7%
Chile   4.0%                                                                         Vietnam   7.1%
Panama   3.9%                                                                    India  7.1%
Paraguay   3.7%                                                                  China   6.6%
Honduras   3.7%                                                                   Ireland    6.6%
Guatemala   3.1%                                                                 New Zealand   3.0%
U.S.A.    2.9%                                                                      Australia    2.8%
Colombia   2.7%                                                                   South Korea   2.7%
Uruguay   2.1%                                                                    Spain   2.5%
Mexico   2.0%                                                                      Sweden   2.3%
Canada    1.8%                                                                    Portugal    2.1%
Ecuador    1.1%                                                                    Germany   1.5%
Brazil    1.1%                                                                        France    1.5% 
Argentina    -2.5%                                                                 U.K.   1.4%
Nicaragua   -4.0%                                                                 Italy   0.9%
Venezuela    -18%                                                                 Japan   0.8%