DUBLIN — Singapore’s government on Thursday said it should be possible “to live normally” with Covid-19, which it expects to become “endemic” like influenza. The three ministers responsible for the government’s coronavirus response announced “a broad plan” to “turn the pandemic into something much less threatening.” Pointing to the example of influenza, Trade Minister Gan Kim Yong, Finance Minister Lawrence Wong and Health Minister Ong Ye Kung said that “we can work towards a similar outcome for Covid-19.”
DUBLIN — The global economy should expand by 5.6 per cent this year but developing countries will struggle to keep up due to “the pandemic’s lasting effects,” the World Bank said on Tuesday. While such growth would be “the fastest post-recession pace in 80 years,” overall global output could remain 2 per cent less than if the pandemic had not happened and the ensuing restrictions on business were not imposed, the bank estimated. While pent up demand could result in wealthy, large economies such as the US and China growing by 6.8 per cent and 8.5 per cent respectively, smaller and poorer nations will have to wait until next year to recover per capita income losses, the bank warned, meaning global growth will be “uneven.” Per capita incomes in many emerging market economies are expected “to remain below pre-pandemic levels,” the bank cautioned, which would likely “worsen deprivations associated with health, education and living standards.”
DUBLIN — The coronavirus pandemic and related restrictions have jacked up food prices around the world and spurred a surge in unhealthy eating, according to a set of papers published on Monday by the American Society for Nutrition. According to author Caroline Um of the American Cancer Society, the researchers found a “decrease in the consumption of many food groups, particularly healthy foods such as vegetables and whole grains, compared to before the pandemic.” “We saw panic buying, problems in the food supply chain, increases in food prices and rising unemployment rates,” Um said. Researchers at Tufts University said food prices went up across 133 countries as pandemic-related curbs were introduced. “More stringent restrictions were linked with a higher price of food and a higher ratio of food prices to prices across all consumer goods,” they said.
DUBLIN — Coronavirus-related borrowing and spending caused an 18.4-billion-euro (22.01-billion-dollar) government deficit in Ireland last year, equivalent to around 5 per cent of gross domestic product (GDP), according to official data published on Wednesday. The Central Statistics Office (CSO) said Dublin borrowed almost 14 billion euros to meet ballooning health and social costs incurred by pandemic restrictions, which have left hundreds of thousands of people out of work and dependent on state support. In 2019, the government reported a surplus of 1.9 billion euros, before a swing into the red of of more than 20 billion last year, even as GDP grew by 3.4 per cent due to surging exports in multinationals-dominated sectors such as pharmaceuticals and information technology.
DUBLIN — Ireland’s imports from Britain fell by 65 per cent in January after the British departure from the European Union led to more complicated trade with its nearest neighbour. Ireland’s Central Statistics Office (CSO) said on Thursday that imports from Britain fell 906 million euros (1.08 billion dollars) year-on-year to less than half a billion euros. Ireland usually sources around one-fifth of its goods imports from Britain, though the EU and the US account for most of the country’s overall trade. Irish exports to Britain saw a much smaller decline compared to imports of 14 per cent, the CSO said, to make up 7 per cent of the January total. Irish exports to Britain fell by almost 10 per cent in 2020.
DUBLIN — Nature conservation has been “significantly impacted” by the coronavirus and related restrictions, the International Union for Conservation of Nature (IUCN) said on Thursday, a year to the day since the outbreak was declared a pandemic. While responses to the pandemic “temporarily slowed down human impacts upon nature,” the IUCN said, restrictions such as stay-home lockdowns and widespread travel curbs later led to “conservation work job losses among protected area rangers, reduced anti-poaching patrols and environmental protection rollbacks.” Over the past year, according to the IUCN, “protected and conserved area operations were scaled down or suspended, visitor facilities closed, workplaces shut, many staff withdrawn from duty stations and supply chains disrupted.” Over half Africa’s protected areas “were forced to halt or reduce field patrols and anti-poaching operations as well as conservation education and outreach,” according to IUCN surveys.
DUBLIN — The Irish Human Rights and Equality Commission (IHREC) on Thursday accused the government of having “persistently blurred the boundary between legal requirements and public health guidance in its Covid-19 response.” In a report co-authored with academics from Trinity College Dublin, the commission said though “core pandemic measures” were “generally proportionate and justified in light of the scale of the public health emergency,” parliamentary oversight was “lacking.” The National Public Health Emergency Team (Nphet), a once-obscure advisory body that has become a household name in the wake of the pandemic, has acted as “de facto decision maker,” the commission reported, leading to the risk that public health advice “captures the whole decision-making process.”
DUBLIN — Scientists at Russia’s Higher School of Economics (HSE) said they have discovered a “genetic predisposition to severe Covid-19,” the disease caused by the novel coronavirus. In research published in the journal Frontiers in Immunology, the HSE team attributed the susceptibility to a set of six molecules that contribute to T-Cell immunity, “one of the key mechanisms used by the human body to fight virus infections.” While the molecules, known as human leukocyte antigen class I (HLA- I), are “unique in every human,” whether they destroy the novel coronavirus “is largely determined by genetics,” as the molecules are inherited from parents. “If a person has a set that is bad at such detection, a more severe case of disease is more likely.”
DUBLIN — Ireland’s goods exports were worth an unprecedented 160.8 billion euros (196 billion US dollars) last year, a new record underpinned by surging sales of medical and pharmaceutical products during the novel coronavirus pandemic. Estimates published by the Central Statistics Office (CSO) showed “medical and pharmaceutical products making up 39 per cent of 2020 goods exports, a value increase of 25 per cent on 2019.” Exports to the 26 other member states of the European Union accounted for 40 per cent the 2020 total, the CSO said, an increase of 13 per cent on 2019. Belgium and Germany were Ireland’s two biggest markets in the EU. Exports to Britain, Ireland’s nearest neighbour, fell by 9 per cent during 2020 and made up 8 per cent of the year’s overall amount. After Britain left the EU in early 2020, an increasing proportion of Ireland’s exports to the continent ended up being shipped directly rather than transiting Britain, with ferry companies in some cases doubling cargo sailings from Ireland to France.
DUBLIN — Global trade shrank by 9 per cent in 2020 despite a late-year recovery in East Asia, according to estimates published on Wednesday by the United Nations Conference on Trade and Development (UNCTAD). The revival as “uneven,” with 8-per-cent fourth quarter growth in global merchandise or goods trade but stagnation in services, UNCTAD said.. While international commerce was “greatly affected” by “economic and social disruptions brought about by Covid-19,” East Asia registered “gains in global market share” after being able to “better weather the challenges of the pandemic,” according to the UN trade body.