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LATEST NEWS UPDATES | Recession To Hit Developing Nations, May Spare China, India: UN Report

Recession To Hit Developing Nations, May Spare China, India: UN Report

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published Published on Mar 31, 2020   modified Modified on Mar 31, 2020

-United Nations/ PTI/ NDTV

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 USD 2.5 trillion rescue package for these nations.

United Nations: The world economy will go into recession this year with a predicted loss of trillions of dollars of global 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 USD 2.5 trillion rescue package for these nations.

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United Nations/ PTI/ NDTV, 31 March, 2020, https://www.ndtv.com/india-news/coronavirus-recession-to-hit-developing-nations-may-spare-china-india-un-report-2203346?fbclid=IwAR3ZsoUVwteowfiCd2vLGbpKA6g4EL87_JIzwEYWzg8C9uIqDkqC69lLtic


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