Economy
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 – wiping out nearly four years of output gains, according to a mid-year economic analysis by the United Nations. more
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 ...