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Global economy projected to show fastest growth in 50 years 

The global economy is expected to bounce back this year with growth of 5.3 per cent, the fastest in nearly five decades, according to the UN Conference on Trade and Development (UNCTAD).

Pandemic ‘rolled back’ sustainable development funding for weak economies: UNCTAD

Financial assistance to the world’s 83 weakest economies fell by 15 per cent in 2020, to $35 billion as a direct result of the COVID-19 pandemic, UN trade and development experts UNCTAD said on Monday.

Suez Canal cargo ship is afloat - but it’s not plain sailing for global economy

The gigantic cargo ship that ran aground and blocked the Suez Canal last week is afloat once again after a Herculean salvage operation, but the damage to global trade will take months to fix.

That’s the assessment of maritime expert Jan Hoffman at UN trade and development agency UNCTAD, who also explains why the cost of sending freight around the world has increased dramatically during the COVID-19 pandemic.

Here he is, talking to UN News’s Daniel Johnson. 

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