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{
    "id": 144841,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/144841/?format=api",
    "text_counter": 313,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "Mr. Speaker, Sir, as mentioned during the presentation of the Budget Estimates, the world economy is facing the worst recession since the Great Depression and it is adversely affecting both the developed and developing nations. Developed countries have heavily intervened to mitigate their economies against the adverse effects. However, the anticipated positive results are yet to be realized, thus leaving the developing countries exposed and vulnerable. The challenges presented by the global recession, coupled with the effects of the post-election crisis, food shortage due to failure of the short rains last year, a slump in economic performance, high food and fuel prices and rising unemployment are causing misery and suffering to our people."
}