New York: Small businesses which make up more than half of the global workforce were 2.5 times more likely to go under than larger firms in the first months of COVID-19, the International Trade Centre (ITC) said on Wednesday, warning that the impact of climate change could cause pandemic-scale disruption “every decade”.
New York: Innovative measures to address debt are required to help the world’s more than 100 middle-income countries expand their economies and exit the COVID-19 pandemic, UN Secretary-General António Guterres told the General Assembly on Thursday.
New York: The economic crisis caused by the COVID pandemic is expected to contribute to global unemployment of more than 200 million people next year, with women and youth workers worst-hit, UN labour experts said on Wednesday.
New york/IBNS: Global trade in goods could fall by as much as a third this year due to the ongoing COVID-19 pandemic, but a swift rebound in 2021 is possible if the world’s economic policymakers – working together – act immediately, the World Trade Organization (WTO) said on Wednesday.
New York, May 18 (IBNS): Global economic growth is exceeding expectations this year but heightened geopolitical tension and uncertainty over international trade could thwart progress, according to a new United Nations report.