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Daily Times ‘Economic recovery ‘under threat’ amid surging coronavirus’ WESP points out ‘inadequate’ vaccination in many countries; says China, US on recovery path; South Asia remains fragile, uncertain May 12, 2021   NEW YORK – While the global growth outlook has improved, led by robust rebound in China and the United States, surging coronavirus infections and inadequate vaccination progress in many countries threaten a broad-based recovery of the world economy, according to the latest United Nations forecast. According to the World Economic Situation and Prospects (WESP) mid-...

State of the Global Economy State of the Global Economy Earlier in January 2020, the United Nations in its 2020 World Economic Situation Report warned that the climate crisis, as well as persistently high inequalities, and rising levels of food insecurity and undernourishment, are affecting the quality of life in many societies and fueling discontent. The UN economic experts behind the report were unequivocal in their call for “massive adjustments” to the energy sector, which is currently responsible for around three-quarters of global greenhouse gas emissions. If the world continues to r...

2021-05-12 04:45:19 GMT2021-05-12 12:45:19(Beijing Time) Xinhua English 　　People visit Universal Studios Hollywood during a preview in Los Angeles, California, the United States, on April 15, 2021. (Xinhua) UNITED NATIONS, May 11 (Xinhua) -- A UN report has revised up the world economic growth as a result of robust rebounds in China and the United States, but warned against fragilities in other economies in the context of COVID-19. In its mid-year update of its World Economic Situation and Prospects 2021, which was released in January 2021, the UN Department of Economic and Social ...

India Projected to Grow at 10.1% in 2022 but Outlook for 2021 Highly Fragile: UN News18 3 days ago News18 © Provided by News18 India Projected to Grow at 10.1% in 2022 but Outlook for 2021 Highly Fragile: UN India is forecast to grow at 10.1 per cent in 2022, becoming the fastest growing major economy in the world, the United Nations said on Tuesday, but cautioned that the growth outlook of 2021 was “highly fragile” as the country was the “new hotbed of the pandemic.” The United Nations, in its mid-year update of the World Economic Situation and Prospects (WESP) w...

  >> Thomson Reuters Foundation  Published: 11 May 2021 10:47 PM BdST Updated: 11 May 2021 10:47 PM BdST Commuters wear face masks as they wait on a platform of the main train station Hauptbahnhof, as the spread of the coronavirus disease (COVID-19) continues, in Berlin, Germany, October 16, 2020. REUTERS The world economy will fare better this year than previous projections indicated, but a slow roll-out of COVID-19 vaccines in many developing countries will hamper their economic recoveries, the United Nations said on Tuesday. "); } Global economic growth is expected to reach 5.4 percen...