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Covid-19: the risk of a lost decade alerts the UN

2020-09-22T19:14:00.057Z


The pandemic could push 100 million people back into extreme poverty.A weak, uneven and very uncertain economic recovery. In its annual report, the United Nations Conference on Trade and Development (Unctad) is concerned about the long-term consequences of the Covid-19 pandemic, in particular for the poorest and emerging countries. The shock is already massive this year with a decline in world GDP estimated at around 7% compared to the growth trajectory initially f


A weak, uneven and very uncertain economic recovery.

In its annual report, the United Nations Conference on Trade and Development (Unctad) is concerned about the long-term consequences of the Covid-19 pandemic, in particular for the poorest and emerging countries.

The shock is already massive this year with a decline in world GDP estimated at around 7% compared to the growth trajectory initially forecast.

This represents a global production deficit of over $ 6 trillion by the end of the year.

The situation is particularly critical in Latin America, one of the regions most affected by the virus.

Global trade will shrink by about a fifth this year, the report said.

Foreign direct investment could fall by 40% and remittances from migrant workers - which represent a very important windfall, for some countries the main source of financing - will be reduced by more than

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Source: lefigaro

All news articles on 2020-09-22

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