Economic development

The virus that shut down the world: Economic meltdown

With millions forced to work from home this year, offices and shops closing as part of containment measures, and travel severely curtailed everywhere, it was inevitable that the economy would suffer. In part five of our look back at 2020, we focus on the seismic effect that COVID-19 has had on the global economy.

'Temporary Basic Income' could slow COVID surge, provide lifeline for world’s poorest

The immediate introduction of a Temporary Basic Income for the world’s poorest people could slow the current surge in COVID-19 and enable close to three billion people to stay at home, according to a United Nations Development Programme (UNDP) report released on Thursday.

Amidst ‘high political tension’, UN chief appeals to G20 leaders for stronger commitment to climate action, economic cooperation 

The annual G20 summit of leaders from the largest and fastest-growing economies, got underway on Friday in Osaka, Japan, against a backdrop of what UN Secretary-General António Guterres described as “a moment of high political tension”.