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

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.

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Pandemic ‘rolled back’ sustainable development funding for weak economies: UNCTAD

21 Jun 2021

Financial assistance to the world’s 83 weakest economies fell by 15 per cent in 2020, to $35 billion as a direct result of the COVID-19 pandemic, UN trade and development experts UNCTAD said on Monday.

COVID-19 impact on tourism could deal $4 trillion blow to global economy: UN report

30 Jun 2021

The impact of the COVID-19 pandemic on tourism could result in a more than $4 trillion loss to the global economy, UN trade and development body UNCTAD said on Wednesday in a report issued jointly with the UN World Tourism Organization (UNWTO).

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

30 Mar 2020

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