-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...

-The Indian Express Over the last one month, the government pulled out all stops to contain the spread of the Covid-19. During this period, economic ministries including Commerce and Industry, Heavy Industries, Road Transport, Civil Aviation, Pharmaceuticals and Consumer Affairs met and heard stakeholders. With Covid-19 wreaking havoc in Indian financial markets and global research and rating firms marking down GDP growth estimates by up to 100 basis points, Prime Minister Narendra...

-Livemint.com Direct handouts and fiscal rather than monetary action could help tide over the current shock and its potential after waves The Covid-19 pandemic is, above all, a human tragedy. The impact on the economy is at best second in the list of public policy concerns right now. Governments across the world have done well to sacrifice economic activity in an attempt to contain the spread of the virus. However, the economic...

-The Telegraph Longer the lockdowns last, more severe the economic costs The rapid progression of the Covid-19 infection from China to some, and then most, countries is an unprecedented global shock. Its full-blown eruption was characterized pandemic by the WHO last week. Markets have been tailspinning since and the virus ructions have challenged governments’ ability to retain control and stay ahead of the curve to manage the pandemic. The central response worldwide...

-The Indian Express All comparisons between COVID-19 and TB end with the superficial observation that they are both deadly respiratory tract infections. The world has been spooked by COVID-19, the novel flu-like virus which emerged from the slaughter-houses of China and is now sweeping across the planet, propelled by the very engine of the Global Economy that it now threatens to pull asunder. Thanks to the waves of news engulfing us, including...