Joblessness will reach 44.3 percent in 2019 and will slam nearly half of Venezuela’s labor force in 2020, the IMF said in its World Economic Outlook published on Tuesday. Bosnia and Herzegovina’s joblessness was 50 percent in 1996, immediately after its 3 1/2-year domestic war, according to the multilateral’s database.
As for personal savings, I’ll make it simple: Most boomers have not saved nearly enough. In the worst case, it is really bad: 45% of boomers have zero savings for retirement.
The banks also had 3.4 trillion yuan in so-called special-mention debt, a category of default risk. This raises their distressed loans to 5.4 trillion yuan at the end of last year, 80% higher than 2014.
According to the survey, 35% of millennials who think they’re worse off financially than they had expected to be don’t have a savings account, and 33% of those who do have only $5,000 or less saved.
Retirement savings aren’t faring any better for this group. Thirty-seven percent of millennials don’t save for retirement at all, and 30% saves 10% or less a month, according to the survey.
IMF Managing Director Christine Lagarde is warning that the world economy faces a “delicate moment” as finance ministers and central bankers prepare to gather in the U.S. capital this week for the spring meetings of the IMF and World Bank.
“Based on information from a limited number of patients, 30–60 percent of people with C. auris infections have died. However, many of these people had other serious illnesses that also increased their risk of death,” according to the CDC. Most deaths occur within 90 days.
The amphibious assault ship is participating in the Balikatan exercises, during which “US and Philippine forces will conduct amphibious operations, live-fire training, urban operations, aviation operations, and counterterrorism response,” the US Navy said in a statement over the weekend announcing the Wasp’s arrival.
AT&T comfortably holds the title for having the most widespread 5G mobile network at the moment. So far, Verizon is the only other carrier to have an active 5G mobile network, but only in two cities, including Chicago, IL and Minneapolis, MN.
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