TV News LIES

Friday, Oct 20th

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...


Small fortune: Trump plummets 92 places in Forbes' American rich list

Trump plummets 92 on Forbes richestDonald Trump has dropped 92 places in the Forbes list of wealthiest Americans, with the magazine...

Two Wall Street giants criticize Trump tax plan

Warren BuffetPresident Donald Trump’s tax reform plan came under new criticism on Tuesday from two towering Wall...

US hiring fell 33,000 in September, depressed by hurricanes

Emplyment falls by 30,000 in September 2017The U.S. shed 33,000 jobs in September because of Hurricanes Harvey and Irma, which closed thousands...

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,...
 
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!