EU offers 750 bln euros in grants and loans to overcome COVID-19 recession
The package will need to be ratified by the European Parliament before it is implemented
It is a global recession with economic growth among lowest in four decades
Inequalities, lack of uniform growth among countries making global economic recovery difficult, shows UN’s Trade and Development …
Sub-Saharan Africa’s debt burden increased to a record $789 billion in 2021, highest since 2010
Low economic growth, skyrocketing inflation, the Ukraine war, massive debts and climate change increased the region’s dependancy on private …
COVID-19: Global recession, unmatched in 80 yrs, currently underway, says World Bank analysis
The average developing economy is less well placed to respond to a global downturn now than before the 2009 global recession
COVID-19: 400 mln jobs lost in Q2 2020, says ILO
Job losses up 400% in Africa, Asia since first 3 months; working hours lower than estimates
Former UK PM Gordon Brown now WHO ambassador for global health financing
Brown had warned that 100 million COVID-19 vaccines would go waste unless global leaders shared surplus supplies with the poorest countries
COVID-19: The world is staring at a recession — the first to be driven by a pandemic
The novel coronavirus disease and measures to contain outbreaks can shrink the global economy by 5.2%; that would be the 4th-…
COVID-19: Asia-Pacific countries must act against recession-induced hunger
Sub-Saharan Africa, home to the world’s highest hunger rates, must now brace for its first recession in a quarter of a century
COVID-19 community transmission in 26 of 54 African countries: WHO
Several African countries have a poor healthcare system — about five hospital beds per 10,000 population
COVID-19: Why power sector revival will likely be long haul
COVID-19 shocks may prompt major energy transitions to gas, wind and solar sector
COVID-19: Why the crisis is different for the crude oil industry
Low prices, sparse storage pressure producers; any consensus may be short-lived
COVID-19: $2.5 tln needed by developing countries to weather economic crisis, says report
Debts of $1 trillion owed by developing countries needs to be cancelled
Grim news on jobs front for women
About nine million women went out of the job market in the rural areas between 2009-10 and 2011-12, a grim facet of the employment crisis in …