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April 16, 2024
The Olympic Flame for the Olympic Games Paris 2024 lit in a Symbolic Ceremony in Ancient Olympia.
Photos: The Olympic flame for the Olympic Games Paris 2024 lit in a symbolic ceremony in Ancient Olympia. Images provided by & copyright © International Olympic Committee (IOC).
The Olympic flame was lit on April 16, 2024, with 100 days remaining until the start of the Olympic Games in Paris 2024. The flame was ignited in Ancient Olympia, Greece, the historic birthplace of the Olympic Games. The Olympic flame symbolizes peace and hope, and will now embark on a journey across Greece before making its way to France. The flame will arrive in Marseille on May 8 and travel throughout the country, including some French overseas territories, before finally reaching Paris for the Opening Ceremony on July 26.
International Olympic Committee (IOC) President Thomas Bach underscored Paris 2024’s commitment to upholding Olympic values and promoting global unity. He highlighted that the Olympic Games are the only event that brings the world together in peaceful competition. In their fierce yet peaceful competition, the athletes convey a powerful message that it is possible to compete against each other while living peacefully under one roof. He remarked that the athletes would showcase their excellence, determination, and resilience, demonstrating the greatness of human potential.
Source: International Olympic Committee (IOC)
|GlobalGiants.Com|
Edited & Posted by the Editor | 3:43 PM | View the original post
IMF presents World Economic Outlook April 2024
Photo: First Deputy Managing Director of IMF, Gita Gopinath, holds a bilateral meeting with Changneng Xuan, deputy governor of the National Bank of China, during the 2024 Spring Meetings of the World Bank Group and International Monetary Fund in Washington, DC, on April 15, 2024. IMF Photo / Lewis Joly. Image provided by & copyright © IMF.
Photo: Director of the Research Department at IMF, Pierre-Olivier Gourinchas, poses with the April 2024 World Economic Outlook during the 2024 Spring Meetings of the World Bank Group and International Monetary Fund in Washington, DC, April 16, 2024. IMF Photo / Sarah Silbiger. Image provided by & copyright © IMF.
Washington, DC, April 16, 2024 — On Tuesday, the IMF released its World Economic Outlook for April 2024, with some positive news to report. The global economy is projected to continue growing steadily at a rate of 3.2% in 2024 and 2025, which aligns with 2023’s growth rate. While this is slightly below the historical average of 3.8%, it’s still a positive sign of continued economic activity. Additionally, global headline inflation is expected to decrease from an average of 6.8% in 2023 to 5.9% in 2024 and then further to 4.5% in 2025.
Since October 2023, the global economic landscape has seen a reduction in risks, leading to a more balanced distribution of potential outcomes around the baseline projection for international growth. However, it’s important to note the potential upsides that could further boost the economy. These include fiscal policy proving to be more expansionary than expected or advancements in artificial intelligence boosting productivity, offering a glimmer of hope for a more prosperous future.
Overall, the IMF’s chief economist, Pierre-Olivier Gourinchas, underscored the need for smooth inflation convergence to target levels and rebuilding fiscal buffers to guard against future shocks. Additionally, intensifying supply-enhancing reforms would facilitate inflation and debt reduction while allowing economies to increase growth toward higher pre-pandemic averages. However, the most pressing call is for world leaders to strengthen multilateral cooperation. It is not just a suggestion but a necessity to make progress on common goals such as climate change and mitigate the costs of geoeconomic fragmentation.
Source: IMF
|GlobalGiants.Com|
Edited & Posted by the Editor | 12:19 PM | View the original post
Nobel Prize-winning Economist Joseph Stiglitz will present the findings of a new UNESCO study at the National Press Club Headliners event on April 17.
WASHINGTON, DC, April 15, 2024 — Nobel Prize-winning economist Joseph Stiglitz will release the findings of a new study on the relationship between press freedom and advancing democratic values and economic development at a National Press Club Headliners Coffee and Conversation at 11 a.m. on Wednesday, April 17 in the First Amendment Lounge.
Stiglitz’s remarks will be followed by a panel discussion of the report with esteemed experts in the field, Arturo Herrera Gutierrez, global director for Governance Global Practice in the Equitable Growth, Finance, and Institutions Practice Group at the World Bank, and Eliot Minchenberg, Director of Office and UNESCO Representative to the United Nations in New York. The study is part of UNESCO’s “World Trends in Freedom of Expression and Media Development” series.
Doors open at 10:30 a.m. with coffee provided.
Registration is a prerequisite to attending this event, so please register to confirm your attendance.
Source: National Press Club
|GlobalGiants.Com|
— The editor is a National Press Club member.
Edited & Posted by the Editor | 8:55 AM | View the original post
