Southwest PDP Upturns Chairman’s Suspension In Oyo.

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The Southwest zonal office of the Peoples Democratic Party (PDP) yesterday upturned the suspension of the Chairman of the party in Ibadan North East Local Government of Oyo State, Taiwo Iyiola, over alleged anti-party activities.  It said the suspension of Iyiola by the State Working Committee (SWC) was arbitrarily without any preliminary hearing as demanded by the party’s constitution.  PDP spokesman in Oyo State Akeem Olatunji said on the phone that the Zonal Secretary, Daisi Akintan, who signed the letter reinstating the suspended chairman, lacked power to act without the consent of the Zonal Chairman, Dayo Ogunbenro. He said the purported letter was null and void.
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Global 🌐 Economy Suffering "Synchronized Slowdown" ↘️, Says IMF Chief

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Grinding trade disputes are undermining the global economy, which is set to see its slowest growth in nearly a decade, the new IMF chief said Tuesday.

Research shows the impact of the trade conflict is widespread and countries must be ready to respond in unison with cash infusions, Kristalina Georgieva said in her first speech as managing director of the International Monetary Fund.

She also called for a ramp-up in carbon taxes to address the other challenge facing the global economy: climate change.

"In 2019, we expect slower growth in nearly 90 percent of the world. The global economy is now in a synchronized slowdown," Georgieva said in a speech ahead of IMF-World Bank autumn meetings next week.

"This widespread deceleration means that growth this year will fall to its lowest rate since the beginning of the decade."

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