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