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IMF expects a sharp drop in global growth for 2020

The International Monetary Fund (IMF) expects a sharp drop in the global economy this year. Economies are struggling to recover from the recession brought on by the COVID-19 pandemic. This is the worst collapse in nearly a century, according to the institution.

 

The IMF forecast shows that the world economy will shrink by 4.4% this year. This would be the worst collapse since the Great Depression of the 1930s, according to the data. The institution also made a comparison with the 2008 economic contraction. In that year, the financial crisis caused the global economy to contract by 0.1%.

 

“While the global economy is coming back, the ascent will be long, uneven and uncertain,” said Gita Gopinath, the IMF’s chief economist. She added that “Recovery is not assured while the pandemic continues to spread.” 

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Gopinath believes the pandemic will leave scars, which will be the outcome of the damage caused to labor markets. Which, she adds, will need time to restore all the lost jobs.

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International

Bolsonaro diagnosed with skin cancer amid coup conviction

Former Brazilian president Jair Bolsonaro has been diagnosed with skin cancer while serving a historic sentence for attempting a coup d’état. His medical team confirmed that the lesions have been removed and that, for now, he does not require further procedures, though he will need regular monitoring.

On Wednesday, September 17, Bolsonaro’s doctors confirmed the diagnosis. The announcement comes shortly after the former leader was convicted of orchestrating an attempted coup.

According to his physician, Claudio Birolini, Bolsonaro has “squamous cell carcinoma, which is neither the most benign nor the most aggressive form — it is intermediate.” Birolini warned, however, that this type of skin cancer “can carry more serious consequences.”

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International

Milei praises Paraguay’s growth, calls Argentina’s last 20 years a ‘decline’

Argentine President Javier Milei praised Paraguay’s economic growth over the past two decades during a speech before the Paraguayan Congress on Wednesday (Sept. 17, 2025), crediting it to incentives that favored capitalism. At the same time, he contrasted that progress with what he described as Argentina’s deepening “decline” during the same period.

“If we compare the last 20 years of Paraguay with those of the Argentine Republic, we will find almost diametrically opposite results,” Milei told lawmakers during a special session of Parliament on the second and final day of his official visit to Asunción.

“While you have not stopped growing, we have deepened our decline. If we understand incentives as the engine of capitalism, Paraguay focused on preserving and strengthening them, while Argentina dedicated itself to chaining, directing, and suffocating them,” the right-wing leader stated.

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International

Trump administration launches large-scale immigration operation in Chicago

The administration of U.S. President Donald Trump intensified a large-scale immigration operation in the Chicago area with the arrival of additional Border Patrol agents on Tuesday and the presence of Department of Homeland Security (DHS) Secretary Kristi Noem during a raid.

Noem posted a video on her X account showing the immigration operation, in which DHS reportedly removed “violent criminals” from the streets. The footage shows Noem observing the arrest of a man taken into custody at his home early Tuesday morning at an undisclosed location.

“I was in Chicago today to make it clear that we will not back down,” the secretary wrote. “Our work is just beginning,” she added.

The warning from Noem was echoed by U.S. Customs and Border Protection (CBP) Chief Gregory Bovino, who posted a video on X Tuesday showing multiple Border Patrol vehicles arriving in the city with the caption: “Chicago, we are here!”

Bovino, who led the immigration crackdown in Los Angeles implemented since last June, said the team will remain in Chicago to continue the mission they started in California.

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Operation “Midway Blitz” is currently focused on the Chicago metropolitan area and its suburbs. Activists and residents have reported sightings of masked agents and unmarked vehicles in predominantly Latino neighborhoods.

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