economy

News in Brief 30 June 2020

  • Hard times forecast for global job recovery in 2020, warns UN labour agency chief
  • UN’s Bachelet urges Philippines’ President not to sign new anti-terror law
  • End harmful practices against women and girls, says UN Population Fund
Audio -
4'18"

COVID-19 upends ‘entire generation’ of 600 million South Asian children

Without urgent action, COVID-19 will continue to unravel decades of progress across South Asia, destroying the “hopes and futures of an entire generation”, warns a new report released on Tuesday by the UN Children’s Fund, UNICEF.

News in Brief 22 June 2020

  • Yemen escalation is misguided as people continue to suffer, says UN negotiator
  • Countries urged to act over potential HIV drug shortages in two months
  • COVID-19 has hit small and medium-sized enterprises worst, says UN trade agency
Audio -
4'7"

Coronavirus: World Bank confirms deepest recession since World War Two

The COVID-19 pandemic will shrink the global economy by 5.2 per cent this year, representing the deepest recession since World War Two, and triggering a dramatic rise in extreme poverty, the World Bank said Monday in its latest Global Economic Prospects report.

News in Brief 27 May 2020

  • ‘Lockdown generation’ of young workers will need extra help after COVID-19, urges UN labour chief
  • COVID-19: temporary halt announced on use of key anti-viral hydroxychloroquine
  • Rights experts appeal over abortion obstacles linked to COVID measures in US states
Audio -
3'32"

‘Lockdown generation’ of young workers will need extra help after COVID-19, urges UN labour chief

Further evidence of the unprecedented impact of COVID-19 on the global job market has emerged in a new study by the UN labour agency, which on Wednesday said that more than one in six young people have stopped working since the onset of the pandemic.

News in Brief 7 May 2020

  • Poverty likely to rise by nearly 60% for workers in informal economy
  • UN launches $6.7 billion humanitarian appeal to stem COVID
  • World tourism likely to plummet by up to 80 per cent, warns UN agency
Audio -
2'29"

News in Brief 23 April 2020

  • Libya: Heavy shelling, COVID-19 pandemic creates ‘perfect storm’
  • Developing countries crippled by debt need urgent relief
  • Message of solidarity from UN chief as millions of Muslims begin ‘very different’ Ramadan
Audio -
3'54"

News in Brief 8 April 2020

  • COVID-19: impact could see 195 million job losses, warns UN labour agency chief
  • More than 10,000 confirmed cases of COVID-19 in Africa
  • Rights experts warn over South Sudan COVID-19 spread
Audio -
3'18"

COVID-19: impact could cause equivalent of 195 million job losses, says ILO chief

The rapidly intensifying economic effects of COVID-19 on the world of work are proving to be far worse than the 2008-9 financial crisis, with cutbacks equivalent to nearly 200 million full-time workers expected in the next three months alone, the UN labour agency said.