Economic Development

COVID crisis to push global unemployment over 200 million mark in 2022

The economic crisis caused by the COVID pandemic is expected to contribute to global unemployment of more than 200 million people next year, with women and youth workers worst-hit, UN labour experts said on Wednesday.

Amidst COVID surge, Asia-Pacific region needs ‘immediate and stronger support’ 

With the coronavirus still raging in many parts of the world, the UN’s refugee agency, UNHCR, warned on Tuesday of vaccine shortages, especially in the Asia-Pacific region, and urged “immediate and stronger support” for the global COVAX initiative for equitable access to COVID-19 vaccines, “including for refugees and asylum-seekers”. 

Use Africa’s rich heritage as ‘catalyst’ for transformation, urges Guterres 

A call to use Africa’s rich cultural and natural heritage as a catalyst for growth and transformation is “the right appeal at the right time”, the UN chief told a three-day forum on the continent’s future held online on Wednesday. 

UN urges worldwide support for cultural sector to aid COVID recovery 

The creative and cultural industry has played an essential role the world over throughout the COVID-19 pandemic and deserve more support moving forward, the President of the General Assembly said on Friday. 

Global trade soars in first quarter, but services still in doldrums

Global trade bounced back to a record high early this year, although service industries are still a shadow of their pre-pandemic selves, UN economists UNCTAD said on Tuesday.

Free up ‘bottlenecks’ stifling Africa’s agri-food sector, urges FAO chief 

The UN agriculture chief warned on Monday that severe underfunding of Africa’s agri-food sector has boosted food insecurity and was hampering the future development of countries across the continent. 

Global e-commerce jumps to $26.7 trillion, fuelled by COVID-19

Parts of the online economy have boomed since COVID-19 began, while some pre-pandemic big-hitters have seen a reversal of their fortunes in the last year, amid widespread movement restrictions, UN economists have found.

Europe: COVID must spark rethink to prioritize ‘human lives’ over economic policies 

The devastating impact of COVID-19 serves as a stark reminder that the European Union must “put human lives” above economic policy considerations, that privilege competition between EU Member States, an independent UN human rights expert said on Friday. 

‘Disasters know no borders’ says Guterres, 35 years on from Chernobyl nuclear accident

In his message for Chernobyl International Remembrance Day on Monday, the UN chief reminded that “disasters know no borders”. 

ILO kicks off Green Week to ‘jump-start’ a sustainable future 

As the world grapples with the devastating economic and social consequences of the COVID-19 crisis, the UN’s labour agency launched ILO Green Week to explore what a green future of work could look like, and how we can get there.