Global trade fell 3% in first quarter of 2020 due to COVID-19, downturn to accelerate in next quarter: UN
The coronavirus pandemic has led to a three percent drop in global trade in the first quarter of 2020 and this downturn is expected to accelerate in the next quarter to project a whopping quarter-on-quarter decline of 27 percent, the UN trade body has warned
Coronavirus Outbreak: World economy will go into recession with likely exception of India, China, says UN
The world economy will go into recession this year with a predicted loss of trillions of dollars of global income due to the coronavirus pandemic, spelling serious trouble for developing countries with the likely exception of India and China, according to a latest UN trade report
Coronavirus outbreak could cost global economy up to $2 trillion, cause recession in some countries, says UNCTAD
The coronavirus outbreak could cost the global economy up to $2 trillion this year, the UNCTAsaid, warning that shock from the epidemic will cause a recession in some countries and depress global annual growth to below 2.5 percent
Despite historically high number of announced greenfield projects in 2015, FDI inflows to India were flat last year with only 1 percent up from 2015, the report said.