Economic downturn hitting charity and aid work

Back in October, I predicted the economic turmoil would soon result in a new humanitarian crisis.

Three news bulletins caught my eye today:

Nonprofit organizations have an estimated $166-billion worth of construction and renovation projects in the US on hold because of the economic downturn. (Full)

World Bank President, Robert Zoellick, estimated that the global economic crisis will cause up to 53 million more people to live on less than $2 a day. (Full)

UK aid agencies cut staff to make up for the weak UK pound (Full)

Picture courtesy T.J. Kirkpatrick/Momenta via Scarlett Lion