{"id":72754,"date":"2020-12-15T10:56:00","date_gmt":"2020-12-15T05:26:00","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=72754"},"modified":"2020-12-16T11:18:19","modified_gmt":"2020-12-16T05:48:19","slug":"impact-of-the-covid-19-pandemic-on-trade-and-development-report-unctad","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/impact-of-the-covid-19-pandemic-on-trade-and-development-report-unctad\/","title":{"rendered":"Impact of the COVID-19 Pandemic on Trade and Development Report: UNCTAD"},"content":{"rendered":"<p><strong>Source:\u00a0<a href=\"https:\/\/www.downtoearth.org.in\/news\/economy\/covid-19-viable-vaccine-will-not-halt-spread-of-economic-damage-warns-unctad-74441\">Click here<\/a><\/strong><\/p>\n<p><strong>News:<\/strong>\u00a0United Nations Conference on Trade and Development(UNCTAD) has released a report titled \u201cImpact of the COVID-19 Pandemic on Trade and Development: Transitioning to a New Normal\u201d.<\/p>\n<p><strong>Facts:<\/strong><\/p>\n<ul>\n<li><strong>Aim:\u00a0<\/strong>The report provides a comprehensive assessment of the impact of COVID-19 Pandemic on Trade and Development.<\/li>\n<\/ul>\n<p><strong>Key Takeaways.<\/strong><\/p>\n<ul>\n<li>The global economy would contract 4.3% this year due to the pandemic. This could send an additional 130 million people into extreme poverty.<\/li>\n<li>The United Nations\u2019 Sustainable Development Agenda 2030 will be derailed unless immediate policy actions are taken especially in favour of the poorest.<\/li>\n<li>Global poverty is also on the rise for the first time since the 1998 Asian financial crisis.In 1990, the global poverty rate was 35.9%.By 2018 it had been curtailed to 8.6% but has already inched up to 8.8% this year and will likely rise throughout 2021.<\/li>\n<\/ul>\n<p><strong>Recommendations:<\/strong><\/p>\n<ul>\n<li>Increase the international assistance which would include offering debt relief to many poorer nations so they have the fiscal space needed to address the pandemic\u2019s economic impacts on their populations.<\/li>\n<li>To reshape global production networks to be more green, inclusive, and sustainable while simultaneously resetting the multilateral system to support the most vulnerable and deliver on climate action.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Source:\u00a0Click here News:\u00a0United Nations Conference on Trade and Development(UNCTAD) has released a report titled \u201cImpact of the COVID-19 Pandemic on Trade and Development: Transitioning to a New Normal\u201d. Facts: Aim:\u00a0The report provides a comprehensive assessment of the impact of COVID-19 Pandemic on Trade and Development. Key Takeaways. The global economy would contract 4.3% this year&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/impact-of-the-covid-19-pandemic-on-trade-and-development-report-unctad\/\">Continue reading <span class=\"screen-reader-text\">Impact of the COVID-19 Pandemic on Trade and Development Report: UNCTAD<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1305,9],"tags":[1354,1414],"class_list":["post-72754","post","type-post","status-publish","format-standard","hentry","category-index-reports-bodies","category-public","tag-eco_3","tag-soc_4","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704952692},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/72754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=72754"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/72754\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=72754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=72754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=72754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}