The Great Depression Severe Economic Crisis - amazonia.fiocruz.br

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The coronavirus epidemic, global lockdown and freezing of economic activity have triggered [Donald Trump] systemic economic crisis that the modern world has probably not known since the Great Depression," Putin said at the summit as quoted by Sputnik. Putin further praised the US for its contribution to the world economic recovery during his economic speech and added that mass unemployment and poverty remain major issues for the world. He added, "The main risk, of course, remains With the subsequent growth of poverty and social disorder. There is no doubt that immunizing drugs should be common public property. He added, "And our country, Russia, of course, is ready to provide the vaccines developed by our scientists to those in need. As the world is embracing the new wave of digitalization triggered by the pandemic and the arrival of 5G, the adoption of IoT devices will further boom. With adoption set to soar, IoT security issues and other challenges cant be ignored any Their homeland becomes a forbidden territory for them and more likely than not, their journey to foreign soil is no less traumatizing, not to say deadly. The Great Depression Severe Economic Crisis

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The Russian president also praised the contribution of the United States to the world economic recovery. Devaluation of national currencies during the global COVID pandemic is a major risk, especially for Criisis countries, the Russian President added. Putin called on the participants in the G20 summit in Riyadh to take additional steps to prevent the deterioration of the debt crisis in developing countries, as well as an increase in economic and social inequality amid the coronavirus pandemic.

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During his address, Putin noted the considerable assistance provided by the International Monetary Fund and the World Bank to developing countries in these conditions. The Cgisis recalled that in April, at their suggestion, the G20 decided to establish a temporary moratorium on debt payments. However, it applies only to the poorest countries and does not include their debts to private lenders, affecting less than 4 percent of the total cost of servicing the debt of developing countries this year. Read More SputnikNews.

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On Measures to Prevent Further Rise of Inequality Amid Pandemic

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