The Global Economy

Here are just a few of the things that we should be praying for:

World leaders - Following the G20 summit, pray for the leaders of countries around the world as they plan for the future. Pray for constructive discussion, for policies that target long-term stability rather than short-term relief, and that the politicians will keep to the promises they make.

Social unrest - This is particularly a problem in East Asia. As millions of migrant workers return home, having lost their jobs abroad, the fragile social support structures are struggling to cope as unemployment increases. Few have pensions and most cannot afford healthcare.

International trade - Many countries in Latin America and the Caribbean rely on exports of raw materials such as oil, demand for which has fallen sharply. Furthermore, these countries have historically conducted the bulk of their trade the US, where demand is particularly low. A senior UN official recently estimated that poverty in the region could rise by 15 per cent this year unless governments take drastic action

Africa - Countries in Africa are likely to suffer from reduced foreign investment, with many governments already having had to cut spending on healthcare and education. Moreover, the situation is likely to be worsened as the pressure to repay national debt increases.

Reduced aid - The global food crisis has continued unabated. With hundreds of millions living in poverty, the foreign aid on which they depend is almost certain to be reduced. Similarly, worldwide funds for tackling tuberculosis, malaria and HIV/AIDS have recently declared shortfalls, jeopardising the efforts to treat/prevent these diseases.

Christian charities - Many mission agencies and churches have also experienced reduced giving. So far several agencies have been forced to close with many more needing to lay off staff. The problem is likely to get worse as reserves are depleted. Pray for the ongoing ministry of churches and agencies around the world in these difficult times.