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Date: 22 - 26 February 2021
Place: Virtual meeting Documents Agenda Report of the Committee for Development Policy (E/2021/33, Supplement No. 13)
عربي, 中文, English, Français, Русский, Español Opening Statements Statement by H.E. Ambassador Munir Akram, President of United Nations Economic and Social Council Statement by Elliott Harris, Assistant Secretary-General for Economic Development and Chief Economist Statement by Jose Antonio Ocampo, Chair of the Committee for Development Policy Open Session on ECOSOC Interaction Statement by Jose Antonio Ocampo, Chair of the Committee for Development Policy Recording of the session Briefing to Delegates on LDC issues Recording of the…
Economic security is a cornerstone of well-being. Economic stability and some degree of predictability enable people to plan and invest in their future and that of their children. They encourage innovation, reinforce social connections and build trust in others and in institutions. Worry and anxiety about the future have negative health outcomes, ranging from mental health problems to heart disease and increased risk of obesity, including among children. Pervasive economic insecurity generates popular discontent and imperils political stability. From its inception, the United Nations has recognized the significance of economic security for wellbeing. Article 25 of the Universal Declaration… UN/DESA Policy Brief #90: A new global deal must promote economic security
A once-in-a-century crisis?a Great Disruption unleashed by the COVID-19 pandemic?hit the world economy in 2020. The pandemic reached every corner of the world, infecting more than 90 million and, so far, has killed close to 2 million people worldwide. Governments around the world responded rapidly?and boldly?to stem the health and economic contagion of the crisis. Fiscal and monetary stimulus packages were quickly rolled out to save the economy. The crisis responses, however, entailed difficult choices between saving lives and saving livelihoods, between speed of delivery and efficiency, and between short-term costs and long-term impacts. "We are facing the worst health and economic crisis… World Economic Situation and Prospects 2021
As the COVID-19 pandemic outbreak in March 2020 threatened to drag the global economy into a deep and protracted crisis, central banks once again became the first line of defense for countries across the world. In 2020, about 94 monetary authorities have cut their policy rates, often at emergency meetings. Amid acute stress in financial markets, central banks also swiftly deployed a wide range of policy measures, aimed at preventing a liquidity crunch and supporting credit flows. With interest rates near the zero bound, central banks in the major developed economies largely responded to the crisis through the introduction of quantitative easing measures on an unprecedented scale. The United… World Economic Situation And Prospects: January 2021 Briefing, No. 145