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.
Sustainable Development Goals — China — Europe — European Union (E.U.) — Global Issues — International Monetary Fund (IMF) — Japan — South Korea — Taiwan — U.N. Conference on Trade and Development (UNCTAD) — United Nations (U.N.) — Americas — Vietnam — World Bank Group — World Health Organization (WHO)
