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

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).

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Smart, sustainable maritime transport critical to global recovery: UNCTAD

18 Nov 2021

Although the COVID-19 pandemic’s impact on maritime trade last year was less severe than expected, the knock-on effects will be far reaching and could transform the sector, the UN trade and development body, UNCTAD, said in its latest report, published on Thursday.

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.

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.