As the pandemic persists, developing Asia is projected to contract by 0.7% in 2020—the first regional GDP contraction since the early 1960s. Developing Asia excluding the newly industrialized economies will also contract by 0.5%.

The world was already off track to meet the Sustainable Development Goals by 2030 and the COVID-19 pandemic has made it even harder both to achieve the Goals and to monitor progress where it is being made, according to a new report released by the Food and Agriculture Organization of the United Nations.

The COVID-19 pandemic threatens to disrupt the livelihoods of thousands of vulnerable families in Zambia. This has the potential to reinforce poverty and deepen food and nutrition insecurity. Furthermore, economic disruptions that have slowed down investments, resulted in high unemployment and declined remittances.

Amidst the economic slowdown triggered by the outbreak of the Covid-19 pandemic in India there have been many demands for the government to announce a large fiscal stimulus to support the economy. Economic growth and tax revenues remain uncertain in 2020-21 making it challenging for the government to finance any addition to the fiscal deficit.

Tourism provides livelihoods for millions of people and allows billions more to appreciate their own and different cultures, as well as the natural world. For some countries, it can represent over 20 per cent of their GDP and, overall, it is the third largest export sector of the global economy.

The COVID19 pandemic has caused a sharp decline in global trade, lower commodity prices, and tighter external financing conditions. Implications for current account balances and currencies vary widely across countries.

The pandemic of COVID-19 is an unprecedented global crisis severely affecting the well-being of people all around the globe and in Asia and the Pacific as well.

India, along with the rest of the world, is facing significant social and economic challenges after implementing measures to contain the spread of COVID-19. To address these challenges, public and private sector leaders are considering short-term and long-term interventions to support economic recovery.

Investing in nature protection and restoration will also be critical for Europe’s economic recovery from the COVID-19 crisis. When restarting the economy, it is crucial to avoid falling back and locking ourselves into damaging old habits.

Africa's projected gross domestic product growth of 3.2 per cent for 2020 is now expected to fall further to -0.8 per cent due to prolonged partial and total lockdown of countries brought on by the Covid-19 pandemic.

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