A UN human rights monitor has raised an alarm about human rights abuses against Myanmar’s minority Royingha population. The UN envoy, Tomás Ojea Quintana, suggested that the treatment of the Muslim minority could be considered a “crime against humanity.” In recent weeks, many humanitarian aid workers have been pulled from Myanmar over concerns for their security as the majority Buddhist population takes violent actions against the Royingha, whom they regard as illegal immigrants from nearby Bangladesh. The ill-treatment of the Royingha has been long-standing, but the violence against them is rising rapidly.
The IMF has issued its economic outlook for global growth and it was modestly optimistic. It predicts higher growth for the rich countries, but warned of the risks to growth in the emerging economies. Interestingly, its most dire warning concerned the risks of low inflation and the prospect of deflation (which it estimated at about 20% in the eurozone countries). It is hard to square the growth estimates with the risks of deflation, but presumably the deflation risks are determined primarily by unpredictable economic or geopolitical shocks.
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