OCHA/Gema CortesDoctors and nurses have been raising awareness about COVID-19 during a house-to-house campaign in the Cuaricao neighbourhood of Caracas, Venezuela. The Economic and Social Council (ECOSOC) heard strong appeals on Tuesday for more funds to be steered into the UN’s COVID-19 Global Humanitarian Response Plan, as it opened its annual Humanitarian Affairs Segment – […]
UNDP Eurasia/Karen CirilloThe coronavirus outbreak has had a severe impact on economies across the world. The COVID-19 pandemic will shrink the global economy by 5.2 per cent this year, representing the deepest recession since World War Two, and triggering a dramatic rise in extreme poverty, the World Bank said Monday in its latest Global Economic Prospects report. In rich countries, economic […]
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. “We envisage a slowdown in the global economy to under two per cent for this year, and […]
The number of young people around the world who are neither employed, studying or in some kind of training, is on the rise, according to a new report released on Monday by the International Labour Organization (ILO). And young women are more than twice as likely as their male counterparts to be affected. Increasing automation, […]
From developed to developing countries, no nation is immune from financial “gaps and vulnerabilities”, the President of the UN General Assembly said on Monday. Speaking at the High-level Panel on International Financial Accountability, Transparency and Integrity (FACTI) for Achieving the 2030 Agenda, Tijjani Muhammad-Bande warned that gaps, or the illegal siphoning off of government revenues, “have real consequences in all countries”. The […]
World Bank/Sarah Farhat Students attend class at Zanaki primary school in Dar es Salaam, Tanzania. Inequality is growing for more than 70 per cent of the global population, exacerbating the risks of divisions and hampering economic and social development. But the rise is far from inevitable and can be tackled at a national and international […]