In the past several months the world has been rocked by profound economic and social turbulence. The COVID-19 epidemic has forced many countries around the world into widespread emergency lockdowns. Economic activity plunged dramatically in February-March 2020, with rapid indicators showing strong contractions in retail, restaurant business, and passenger transport.
Beyond its impact on the healthcare system, the COVID-19 pandemic via economic shocks has already reached labor markets throughout every economy. As of 1 April 2020, ILO estimates indicate a substantial rise in global unemployment, leading to 6.7% decline in working hours in the second quarter of 2020, which is equivalent to 195 million full-time workers.
Images of empty shelves in grocery stores worldwide have emerged amid the COVID-19 pandemic. So far, this has had little to do with an actual shortage of food products but rather has reflected the behavior of panicked consumers who are hoarding food. While some earlier publications perceived no imminent threats from the pandemic to global food security, more recent articles called attention to proper policy responses to reduce the potential negative impacts of COVID-19 on local and global food systems and food security.
As the novel coronavirus COVID-19 outbreak continues to spread around the world and has been declared a global pandemic by the World Health Organization, the next global economic recession is no longer an “if” or even a “when” event. Unfortunately, it is already upon us. In just the past few days.
With EU financial and technical assistance, as well as training and education on cooperation and agribusiness, small farmers in Georgia are benefitting from economies of scale, cutting their production costs and increasing efficiency.
On 14 July 2017, ENPARD implementing organisation CARE and its partner ISET Policy Institute (ISET-PI), in cooperation with other ENPARD implementing partners (Oxfam, Mercy Corps, People in Need and UNDP Adjara) presented the results of ENPARD Cooperatives Survey, which assesses the performance of EU-supported cooperatives for the period 2014-2016.