Post-pandemic world economy still feeling COVID-19’s sting

New York: Prospects for a robust global economic recovery remain dim as the lingering effects of the COVID-19 pandemic carry on, according to the UN’s latest World Economic Situation and Prospects report, released on Tuesday.

France to revise down economic growth for 2021 amid Covid restrictions: Economy Minister

Moscow/Sputnik: France will have to revise its economic growth for 2021 down from 6 percent to 5 percent due to the coronavirus restrictions, Minister of Economy Bruno Le Maire said in an exclusive interview with Journal du Dimanche (JDD).

No winners but fewer losers in global economy from COVID than expected

New York: The COVID-19 pandemic seriously impacted all economies around the world last year, with trillions of dollars of lost earnings, UN trade and development experts UNCTAD said on Thursday, before highlighting how several countries also showed unexpected resilience, too.

UK think tank warns gov't peak of living standards crisis if COVID-19 benefits terminated

Moscow/Sputnik: The Resolution Foundation called on the UK government on Monday to not cancel the 20 pound ($27) uplift to Universal Credit benefits, warning that the worst hit of the pandemic on living standards of low-income households was still ahead despite the vaccine-driven economic recovery.

‘Time for global solidarity’ to overcome COVID’s health, social and economic challenges

New York: The COVID-19 pandemic has not only led to a “dramatic loss” of human life but also constitutes an “unprecedented challenge” to public health, food systems and employment, a group of leading UN agencies said on Tuesday.