Wednesday, April 01, 2009

How to Boost the Global GDP

According to the the research commissioned by the ONE campaign recently, $50 billion in a stimulus package for Africa could increase global income by $250 billion over the next ten years. Because of the financial crisis, sub-Saharan Africa is expected to experience a $40-50 billion loss in 2008-2009. The proposed stimulus would have a positive impact on global GDP, increasing it by 0.1% in 2009-2010, roughly $44 billion. This research, a collaborative effort by the Overseas Development Institute (ODI) and the National Institute of Economics and Social Research, will hopefully encourage the leaders at this week's G20 meeting to make the issue of global poverty a priority.
Source: The ONE blog