TV News LIES

Sunday, Sep 24th

Last update05:20:13 AM GMT

You are here News Economy Crime 'one of the world's top 20 economies', says UN official

Crime 'one of the world's top 20 economies', says UN official

E-mail Print PDF

Crime one of world's top economiesCrime generates an estimated $2.1 trillion in global annual proceeds - or 3.6pc of the world's gross domestic product - and the problem may be growing, a senior United Nations official has said.

"It makes the criminal business one of the largest economies in the world, one of the top 20 economies," said Yury Fedotov, head of the UN Office on Drugs and Crime (UNODC), describing it as a threat to security and economic development.

The figure was calculated recently for the first time by the UNODC and World Bank, based on data for 2009, and no comparisons are yet available, Mr Fedotov told a news conference.

Speaking on the opening day of a week-long meeting of the international Commission on Crime Prevention and Criminal Justice (CCPCJ), he suggested the situation may be worsening "but to corroborate this feeling I need more data".

He said up to $40bn is lost through corruption in developing countries annually and illicit income from human trafficking amounts to $32bn every year.

More...


Most Recent Related Stories...


U.S. Household Incomes Rose to Record in 2016 as Poverty Fell

US middle class income highest ever in 2016The U.S. median household income rose to a record last year and the poverty rate fell,...

US central bank chief rebukes Trump over plan to lift regulations

Janet YellenDonald Trump has been rebuked by the US central bank chief, Janet Yellen, for planning to...

US job growth slows to 156K; unemployment up to 4.4 pct.

Jobs downU.S. job growth slowed in August as employers added 156,000 jobs, though still enough to suggest...

Reality Check: America and the Foxconn Dream

Foxcom dream in WisconsinWisconsin is about to shell out as much as $3 billion for the privilege of luring...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!