$2.5 trillion COVID-19 rescue package needed for world’s emerging economies

The economic fallout from COVID-19 is likely to get “much worse” before it gets better for some six billion people living in developing economies, the UN said on Monday, in an appeal for a $2.5 trillion rescue package to boost their resilience to further hardship.

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Coronavirus update: COVID-19 likely to cost economy $1 trillion during 2020, says UN trade agency

09 Mar 2020

Apart from the tragic human consequences of the COVID-19 coronavirus epidemic, the economic uncertainty it has sparked will likely cost the global economy $1 trillion in 2020, the UN’s trade and development agency, UNCTAD, said on Monday.

Nearly half a billion people can’t find decent work; unemployment set to rise: new UN labour report

20 Jan 2020

Around half a billion people work fewer paid hours than they would like, or are not getting enough access to paid work, shows a study published by the International Labour Organization (ILO) on Monday, which also forecasts that unemployment will rise by about 2.5 million this year.

No winners but fewer losers in global economy from COVID than expected

18 Mar 2021

The COVID-19 pandemic seriously impacted all economies around the world last year, with trillions of dollars of lost earnings, UN trade and development experts UNCTAD said on Thursday, before highlighting how several countries also showed unexpected resilience, too.