Coronavirus updates
2020 Mar 31 Tue, 10:39:21 am

US$2.5 trillion COVID-19 rescue package needed for world’s emerging economies

GENEVA, 31st March, 2020 (WAM) -- The economic fallout from COVID-19 is likely to get "much worse" before it gets better for some six billion people living in developing economies, the UN said on Monday, in an appeal for a US$2.5 trillion rescue package to boost their resilience to further hardship. According to new analysis from UNCTAD, the UN trade and development body, commodity-rich exporting countries will face a $2 trillion to $3 trillion drop in investment from overseas in the next two years. An...