Global Economic Crisis Threatens Food Security in Lower Income Countries

摘要

The global economic downturn threatens to shrink import capacity among many lower income countries, with potential food security implications for many of these countries. The economic crisis has led to reduced export earnings as global demand shrank,foreign capital inflows declined, and remittances from relatives working abroad dropped, all of which may constrain the countries' ability to import needed food. According to the July 2009 issue of the International Monetary Fund's (IMF) World Economic Outlook Update. the global recession was not over and economic performance varied widely among regions. Real world gross domestic product (GDP) is expected to contract 1.4 percent in 2009. The IMF stated that declining world food demand and shrinking aidfrom developed countries, along with continuing fluctuations in commodity prices, will hinder economic recovery in many developing countries.