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.
GENEVA (AN) — 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, the U.N. Conference on Trade and Development reported on Wednesday.
That would equal 4.2% of global GDP. Even under the most optimistic scenarios — a quick end to four months of COVID-19 lockdowns — the losses will likely be at least $1.2 trillion, or 1.5% of global GDP, the United Nations agency known as UNCTAD said in a 27-page report.
Minimum wage workers in the E.U. had the most purchasing power in Germany and the least in Estonia.
The South African president invoked Nelson Mandela's emphasis on global 'interdependence' and cooperation.
Billionaires' wealth 'surged' by $2 trillion in a year, while 44% of the world population lives on less than $6.85 a day.
The global organization forecasts some improvement in the world economy but says Trump's plans cloud the outlook.
"Europe faces a clear and present danger," E.C. President Ursula von der Leyen said as the emergency meeting began.
The averate rate of gains for women-held seats accelerated between 2000 and 2015, but slowed in the last decade.
The five-point plan, unveiled as "ReArm Europe," is Europe's largest military and economic mobilization effort this century.
After an extraordinary U.S. repudiation, Ukraine won pledges from world leaders to urgently boost Europe's self-defense.
