Economy
World / Countries / MNCs
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”. more
UN chief urges debt relief extension for middle-income countries

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 Secret ...

COVID crisis to push global unemployment over 200 million mark in 2022

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-h ...

World Bank expects global economy to expand by 4% in 2021

New York: The World Bank Group on Tuesday issued a guarded growth forecast for the global economy this year, saying that a four per cent overall expansion was likely, although the recover ...

Amid fears of worst recession in decades, urgent calls for solidarity, a united economic front

New York: With multilateral cooperation under strain, senior UN officials, Nobel laureates and eminent academic experts, gathered virtually on Wednesday for the launch of a new report rec ...

Coronavirus ‘grim reality’: World economy to shrink by 3.2 per cent, new UN report projects

New York : Against the backdrop of the raging COVID-19 pandemic, the world economy in 2020 is projected to shrink by 3.2 per cent, racking up some $8.5 trillion in overall losses – ...

Afghanistan improves its growth despite uncertainty, says World Bank

Washington: Afghanistan’s economy grew by an estimated 2.9 percent in 2019, driven mainly by strong agricultural growth following recovery from drought, but lingering political unce ...

Economic growth ‘exceeds expectations’ but trade tensions are rising: UN report

New York: Global economic growth is exceeding expectations this year but heightened geopolitical tension and uncertainty over international trade could thwart progress, according to a new ...

Bridging gap between relief and development can meet immediate needs, lessen vulnerability – UN chief

New York, Jan 29 (JEN): A surge in conflict-induced needs in Africa and the Middle East, coupled with an increase in climate shocks that pummel the most vulnerable everywhere, have given ...