The Weekly is a highlight of the work the Ethics and Religious Liberty Commission is doing to strengthen you and our churches for God’s glory. Explainer: How the IMF projects the coronavirus will affect the global economyWhat just happened? On Tuesday, the International Monetary Fund (IMF) issued its latest world economic outlook. In the report the IMF projects global economic growth in 2020 to fall to minus 3%. Because of the coronavirus pandemic, the cumulative loss to the global GDP over 2020 and 2021 could be around $9 trillion, greater than the economies of Japan and Germany combined. This would be the worst recession since the Great Depression, and worse than the Global Financial Crisis of 2008-2009. “The magnitude and speed of collapsing activity that has followed is unlike anything experienced in our lifetimes,” said IMF economic counselor Gita Gopinath. “This is a crisis like no other, which means there are substantial uncertainties about the impact it will have on people's lives and livelihoods.” What is global GDP and how is it related to the economy? When people refer to “the economy” they are usually referring to a particular idea—Gross Domestic Product (GDP)—which is itself simply an economic metric. GDP is often used as a single number that “measures” the economy. GDP is the total monetary value of all the finished goods and services produced within a country's borders in a specific time period. Global GDP (or gross world product (GWP)) is the combined GDP of all the countries in the world. The IMF’s statement that economic growth will fall is a claim that the total value of the goods and services being exchanged around the world is expected to decrease sharply. This Week at the ERLC
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![]() News From Capitol HillThere was significant discussion this week about religious liberty during a pandemic crisis that requires a temporary suspension of group gatherings. The reports of discord between churches and local officials in Kentucky and Mississippi this past Sunday are certainly distressing for American Christians because we recognize that religious freedom is the foundation from which all our constitutional rights are secured. Thankfully, such conflict remains the rare experience in this country as communities cooperate to protect the vulnerable by social distancing. The ERLC is helping church leaders think well about their relationships with government officials and helping those public officials understand why faith communities are essential partners in defeating this virus. As Travis Wussow, ERLC’s vice president of public policy and general counsel, said last month when some of these conflicts first arose:
On Tuesday, the U.S. Department of Justice weighed into the Greenville, Mississippi, conflict in defense of the constitutional rights of churches by issuing a document known as a Statement of Interest to the court proceedings. Wussow and Josh Wester wrote about this development:
As we advocate for religious liberty in the public square, we also pray that God would use the absence of Easter gatherings this past Sunday to remind us of our vulnerability and need for one another in biblical community. We are all in this uniquely wrenching moment together and must keep working together from Washington to local neighborhoods to care especially for those who have lost loved ones or jobs to this pandemic. Featured PodcastsOn The ERLC Podcast last week, Josh Wester, Lindsay Nicolet, and Brent Leatherwood talked about Holy Week, the queen’s speech, and had a conversation with Catherine Parks. Keep an eye out for the latest episode later today. You can tune in here. On The Way Home podcast, Dr. James Merritt joins Dan Darling to talk about character, leadership, pastoring, and the Southern Baptist Convention. Merritt is pastor of Cross Pointe Church in Duluth, Georgia. He is the host of broadcast ministry, Touching Lives. Listen here. From The Public SquareJustice Dept. to probe restrictions placed on religious gatherings to curb coronavirus
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