General News
Meropi Kyriacou Honored as TNH Educator of the Year
NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.
WASHINGTON — The rollout of COVID-19 vaccines and vast sums of government aid will accelerate global economic growth to a record high this year in a powerful rebound from the pandemic recession, the International Monetary Fund says in its latest forecasts.
The 190-country lending agency said Tuesday that it expects the world economy to expand 6% for 2021, up from the 5.5% it had forecast in January. It would be the fastest expansion for the global economy in IMF records dating to 1980.
In 2022, the IMF predicts, international economic growth will decelerate to a still strong 4.4%, up from its January forecast of 4.2%.
The agency's economists now estimate that the global economy shrank 3.3% in 2020 after the devastating recession that followed the coronavirus' eruption across the world early last spring. That is the worst annual figure in the IMF's database, though not as severe as the 3.5% drop it had estimated three months ago. Without heavy government aid that helped sustain companies and consumers during COVID-19 lockdowns, IMF forecasters say, last year's downturn could have been three times worse.
The U.S. economy, the world's biggest, is now forecast to expand 6.4% in 2021 — its fastest growth since 1984 — and 3.5% in 2022. The U.S. growth is being supported by President Joe Biden's $1.9 trillion relief package, while an acceleration in the administering of vaccines is beginning to let Americans return to restaurants, bars, shops and airports in larger numbers.
The world's second-largest economy, China, which imposed a draconian COVID-19 clampdown a year ago and got a head start on an economic recovery, will record 8.4% growth this year and 5.6% in 2022, the IMF estimates.
The monetary fund expects the 19 countries that share the euro currency to collectively expand 4.4% this year and 3.8% in 2022. Japan is expected to register 3.3% growth this year and 2.5% next year.
In the IMF's estimation, the global rebound will gradually lose momentum and return to pre-COVID levels of just above 3% growth. Countries will again encounter the obstacles they faced before the pandemic, including aging work forces in most rich countries and in China.
NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.
DEIR AL-BALAH, Gaza (AP) — An international team of doctors visiting a hospital in central Gaza was prepared for the worst.
NASHVILLE, ΤΝ – With a special event organized by the Hellenic Institute of Cultural Diplomacy - U.
ASTORIA – Greek Minister of the Interior Niki Kerameus offered an informative presentation on postal voting in the upcoming European Union elections for Greek citizens in a well-attended event held at the St.
NICOSIA - A meeting between the ministers of energy for Cyprus and Israel - George Papanastasiou and Eli Cohen - led to an agreement that the countries would make an underwater electric cable link a top priority, linking them to Europe.
LONDON (AP) — The British Museum on Thursday appointed National Portrait Gallery chief Nicholas Cullinan as its new director, as the 265-year-old institution grapples with the apparent theft of hundreds of artifacts and growing international scrutiny of its collection.