Business Standard

Coronavirus impact: India and China may escape global recession, says UN

With two-thirds of the world's population living in developing countries facing unprecedented economic damage from the Covid-19 crisis, the UN is calling for a $2.5 trillion a rescue package

coronavirus
Premium

The UNCTAD said that in recent days, advanced economies and China have put together massive government packages which, according to the G20 leading economies, will extend a $5 trillion lifelines to their economies.

Agencies United Nations
The world economy will go into recession this year with a predicted loss of trillions of dollars of income due to the coronavirus pandemic, spelling serious trouble for developing countries with the likely exception of India and China, according to a latest UN trade report.
 
With two-thirds of the world's population living in developing countries facing unprecedented economic damage from the Covid-19 crisis, the UN is calling for a $2.5 trillion rescue package for these nations.
 
According to the new analysis from United Nations Conference on Trade and Development (UNCTAD), the UN trade and development body titled 'The Covid-19 Shock

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in