![]() ![]() Growth projections for these economies for 2023 are less than half those from a year ago, making them highly vulnerable to additional shocks. The squeeze is especially acute for EMDEs with underlying vulnerabilities such as low creditworthiness. With increasingly restrictive global credit conditions, one out of every four EMDEs has effectively lost access to international bond markets. Most EMDEs have seen only limited harm from the recent banking stress in advanced economies so far, but they are now sailing in dangerous waters. We have an opportunity to turn the tide but it will take us all working together.” “It’s important to keep in mind that growth forecasts are not destiny. ![]() “The surest way to reduce poverty and spread prosperity is through employment-and slower growth makes job creation a lot harder,” said World Bank Group President Ajay Banga. These forecasts reflect broad-based downgrades. In EMDEs other than China, growth is set to slow to 2.9% this year from 4.1% last year. Global growth is projected to decelerate from 3.1% in 2022 to 2.1% in 2023. WASHINGTON, June 06, 2023- Global growth has slowed sharply and the risk of financial stress in emerging market and developing economies (EMDEs) is intensifying amid elevated global interest rates, according to the World Bank’s latest Global Economic Prospects report. In guidance to its more than 160,000 members, the group, which represents human resources professionals, made clear that businesses “cannot forcibly vaccinate employees or potential employees” – unless legally required.Global growth to slow to 2.1% in 2023, with prospects clouded by financial risks So far the government has only said care home workers in England must be fully vaccinated, with a consultation under way on whether to extend this to NHS staff. If people were forced to get vaccinated in other roles, that could amount to a criminal offence against the person and claims such as assault and battery, the CIPD said. The UK equalities watchdog – the Equality and Human Rights Commission – also urged companies not to apply a blanket “no jab, no job” policy, saying their approaches should be “proportionate, non-discriminatory and make provision for those who cannot be vaccinated for medical reasons”.įurther pressure came from the Advisory, Conciliation and Arbitration Service, the dispute resolution group, which said that if staff did not want to get vaccinated, bosses should listen to their concerns, be sensitive towards personal situations and be wary of avoiding discrimination. He told Sky News: “We are not going to make that legislation that every adult has to be double vaccinated before they go back to the office, but yes it is a good idea and yes some companies will require it.” Shapps said on Friday that companies may require their staff to be vaccinated due to the nature of their business, or as a tool to combat vaccine hesitancy. His comments came after the foreign secretary, Dominic Raab, said on Thursday it would be “smart” for businesses to insist staff were fully vaccinated and that he could understand why firms would want to adopt a tough stance.īut the Labour leader, Sir Keir Starmer, said while he could see a case for introducing domestic Covid passports that show test as well as vaccine results at mass events, he did not agree with barring people from employment based on their jab status. “For day-to-day routine – access to the office, access to health services or dentistry or even food – I don’t agree,” he said. What a sad and pitiful state of affairs.” The Tory MP Will Wragg said firms should be encouraging staff to get vaccinated rather than threatening them, and added that ministers should “stop encouraging this kind of coercion, which will prove deeply damaging to the fabric of society”.Īnother influential Conservative backbencher, Charles Walker, said: “I will exercise my purchasing power to avoid any company that implements such a loathsome policy. Serious concerns were also raised by Prof Stephen Reicher, who sits on the government’s behavioural advice group known as SPI-B. He said making vaccines mandatory may be reasonable for those in jobs where they are responsible for the physical care of others – but that for other employers, the negatives outweighed the benefits. It would disproportionately hit some groups as opposed to others, making jobs “more ethnically and socially exclusive” and lead to “anger and resistance”, decreasing take-up among those who are already hesitant, he told the Guardian. “These policies carry considerable risks,” Reicher said, who also warned that if people were vaccinated against their will, it may create other forms of resistance to Covid measures. “It is far better and more effective to secure vaccination through engagement rather than through imposition,” he said. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |