Trade economists who advise the U.N. warned COVID-19 could cost the world economy up to US$2 trillion in 2020 and push nations into recession.
GENEVA (AN) — Trade economists who advise the United Nations on policies for developing countries warned on Monday the COVID-19 outbreak could cost the world economy up to US$2 trillion in 2020 and push some nations into recession.
The U.N. Conference on Trade and Development published a 10-page analysis suggesting the hit to global income will be US$1 trillion at minimum even if the worst is avoided, but is likely to be worse.
A proposed 2% minimum tax on billionaires will be taken up at Brazil's G-20 Leaders' Summit in November.
The effects of climate change hit hard from the bombed streets of Gaza to the glitzy venues of the Paris Olympics.
The U.N.'s annual report card shows the Sustainable Development Goals improved from 85% off track last year.
Developing nations' 30% share of global public debt in 2023, particularly in Asia and Oceania, rose from 16% in 2010.
The Court of Justice of the European Union's rulings in two landmark cases will cost the tech giants billions of euros.
People's health, nature and farmland all suffer from the spiraling negative impacts, says the U.N. health agency
Landlocked between Russia and China, Mongolia depends on Russia to meet its energy needs and China to buy its exports.
The guidance comes weeks before the U.N. General Assembly takes up the issue of AMR at its high-level meeting this month.
