Rebuilding tourism industry a U.N. priority
The pandemic could eliminate 40% of global tourism's 300 million jobs — one of every 10 — and trillions of dollars essential to developing economies.
U.N. Trade and Development (UNCTAD)
Formerly known as UNCTAD, the U.N. agency says it aims to support developing countries in accessing the benefits of a globalized economy more fairly and effectively and in dealing with the potential drawbacks of greater economic integration. It provides analysis, facilitates consensus-building, and offers technical assistance to help nations use trade, investment, finance, and technology as vehicles for inclusive and sustainable development.
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Global tourism may lose $3.3 trillion
The global coronavirus outbreak could cause as much as $3.3 trillion in losses to the global tourism industry if the pandemic lasts a year.
U.N. forecasts foreign investments plunge
New business investment globally will likely drop by up to 40% this year and 10% in 2021 from the COVID-19 pandemic, UNCTAD reported.
U.N. warns of $2 trillion in economic losses from coronavirus
Trade economists who advise the U.N. said COVID-19 could push nations into recession and depress global annual growth.
UNCTAD sees $50 billion exports drop
The global coronavirus outbreak likely caused a $50 billion decline in manufacturing exports from China in February alone.
UNCTAD says growth rate fell in 2019
The global economy slowed to a 2.3% growth rate last year, its lowest of the decade, from rising trade tensions and slowing investment, UNCTAD said.
UNCTAD warns trade tensions may cause global recession next year
The U.N. agency also cited currency and debt as factors contributing to the warning signs of a global recession in 2020.
UNCTAD stresses climate impacts of trade ahead of summit to spur action
UNCTAD is looking at how to solve the climate crisis, particularly how sea level rise impacts small island nations.
G-20 major economies focus on U.S.-China trade war and tax loopholes
Finance leaders projected moderate global growth and recovery but warned of risks from a prolonged trade war.
E.U. publishes its plan for stronger global e-commerce safety rules
Businesses and consumers are subject to 'a patchwork of rules' from bilateral and regional trade agreements.
New e-data shipping rules come online to standardize public data
The International Maritime Organization requires industry upgrades and streamlining electronic information exchanges.
Who will be the winner of the U.S.-China trade war winner? Neither.
The biggest beneficiaries are likely to be the E.U., Mexico, Japan, Canada, South Korea, India, Australia and Brazil.
Trump trade war erodes the U.N.'s global anti-poverty goals for 2030
International organizations said the tit-for-tat tariffs will undercut a broad array of global development efforts.
Global foreign investment reaches 3-year low as economic recovery lags
A report shows continued but slowing recovery from the crisis that began in 2008 and almost toppled the financial system.
'Low profile' diplomacy: North Korea's hidden avenues to the world
A summit with the U.S. could expand North Korea's little-known involvement with international organizations.
Economic boost for Africa seen from millions of international migrants
A new U.N. report sees growing economic benefits for Africa from more people moving to and within the continent.