World economy to go into recession, except india and china: un
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NEW DELHI: A latest UN trade report has announced that the world economy will go into recession this year with a predicted loss of trillions of dollars of income due to the coronavirus
pandemic, spelling serious trouble for developing countries with the likely exception of India and China. With two-thirds of the world’s population living in developing countries facing
unprecedented economic damage from the COVID-19 crisis, the UN is calling for a $2.5 trillion rescue package for these nations. Also Read: Azim Premji Foundation, Wipro to give Rs 1,125 cr
to fight COVID19 According to the new analysis from United Nations Conference on Trade and Development (UNCTAD), the UN trade and development body titled ‘The Covid-19 Shock to Developing
Countries: Towards a ‘whatever it takes’ programme for the two-thirds of the world’s population being left behind’, commodity-rich exporting countries will face a $2 trillion to $3 trillion
drop in investments from overseas in the next two years. ------------------------- ------------------------- LATEST STORIES -------------------------