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World Economic Situation And Prospects: June 2020 Briefing, No. 138

World Economic Situation And Prospects: June 2020 Briefing, No. 138

The pandemic hits emerging economies Emerging economies are facing an unprecedented health and economic crisis. The synchronous collapse in global demand and the widespread disruptions in supply chains are inflicting severe economic pain through trade, financial and commodity prices channels. To contain the pandemic, emerging economies have imposed, to varying degrees, lockdowns and social distancing measures, further disrupting economic activity. India, Indonesia, Mexico, Nigeria, the Russian Federation and South Africa have implemented full or partial lockdowns. But even as countries have followed different approaches to contain the COVID-19 pandemic, enforcement has in many cases been… World Economic Situation And Prospects: June 2020 Briefing, No. 138
UN/DESA Policy Brief #76: COVID-19 poses grievous economic challenge to landlocked developing countries

UN/DESA Policy Brief #76: COVID-19 poses grievous economic challenge to landlocked developing countries

The thirty-two landlocked developing countries (LLDCs)? home to nearly 7 per cent of world population, representing 15 per cent of the membership of the United Nations?are the least economically-integrated countries in the world. As a group, LLDCs are at the fringes of the world economy, accounting for only 0.9 per cent of world gross output and 0.8 per cent of global exports (Figure 1). Seventeen of them also belong to the group of least developed countries (LDCs). These economies are highly heterogeneous, both in terms of the level of development and economic structure. The average per capita income of LLDCs is 2.5 times higher than the LDC average. This average, however, masks the huge… UN/DESA Policy Brief #76: COVID-19 poses grievous economic challenge to landlocked developing countries
UN/DESA Policy Brief #77: How can investors move from greenwashing to SDG-enabling?

UN/DESA Policy Brief #77: How can investors move from greenwashing to SDG-enabling?

The COVID-19 crisis has highlighted the need for businesses and investors to adjust to a world of increasing uncertainty or mounting risks. To be viable, businesses can no longer focus only on short-term financial returns; they must anticipate and prepare for future risks, including growing risks from climate change and unsustainable practices. For investors, their portfolio?s financial return ultimately depends on a sustainable and stable economy. With sizeable assets under management, large investors have the interest and power to demand a shift towards business models that better account for sustainable development and thus reduce risks for the economy. The question should no longer be… UN/DESA Policy Brief #77: How can investors move from greenwashing to SDG-enabling?
UN/DESA Policy Brief #74: Resilient institutions in times of crisis: transparency, accountability and participation at the national level key to effective response to COVID-19

UN/DESA Policy Brief #74: Resilient institutions in times of crisis: transparency, accountability and participation at the national level key to effective response to COVID-19

National institutions are strongly impacted by the coronavirus (COVID-19). The pandemic has disrupted to varying extents the regular functioning of state institutions, such as parliaments and justice systems, and affected key government functions and processes, undermining the effectiveness of government action. The need to respond quickly and with drastic measures has also created additional risks for institutional processes and organisations. Beyond individual institutions, the pandemic has increasingly affected whole institutional systems and the way public institutions interact with people. This brief discusses the challenges of the COVID-19 emergency along key dimensions of national… UN/DESA Policy Brief #74: Resilient institutions in times of crisis: transparency, accountability and participation at the national level key to effective response to COVID-19
UN/DESA Policy Brief #75: COVID-19: Reaffirming State-People Governance Relationships

UN/DESA Policy Brief #75: COVID-19: Reaffirming State-People Governance Relationships

The emergence and spread of the coronavirus in late 2019 and the impact of its disease, COVID-19, which has been categorized by the World Health Organization as a global pandemic, is, at the time of writing, ongoing. Efforts by governments to try to control the pandemic?s spread while managing its wide ranging impacts demonstrate the critical role of the relationship between state and people in shaping and determining government responses, strategies and approaches in tackling the crisis. While there have been some rapid and effective responses by governments, in many respects, the pandemic has exposed some of the shortfalls in countries? resiliency to crisis, and in particular in the way… UN/DESA Policy Brief #75: COVID-19: Reaffirming State-People Governance Relationships
UN/DESA Policy Brief #71: COVID-19 pandemic deals a huge blow to the manufacturing exports from LDCs

UN/DESA Policy Brief #71: COVID-19 pandemic deals a huge blow to the manufacturing exports from LDCs

The COVID-19 pandemic is yet to directly hit the least developed countries (LDCs), although most are already experiencing severe economic pain amid shutdowns, falling commodity prices and declining exports. LDCs are, on average, highly dependent on commodities. Oil, minerals, food and other commodities account for more than 70 per cent of their merchandise exports. High dependence on commodities exports make most LDCs extremely vulnerable to global shocks, and many are bracing for a severe economic downturn this year. However, the impact of the COVID-19 pandemic will be equally devastating for LDCs that do not rely on commodities as a main source of foreign exchange. Only six LDCs?… UN/DESA Policy Brief #71: COVID-19 pandemic deals a huge blow to the manufacturing exports from LDCs
UN/DESA Policy Brief #72: COVID-19 and sovereign debt

UN/DESA Policy Brief #72: COVID-19 and sovereign debt

Introduction Without aggressive policy action, the COVID-19 pandemic could turn into a protracted debt crisis for many developing countries. Debt risks in developing countries were already high prior to the pandemic. These risks are now materializing. High debt servicing hamstrings developing countries? immediate response to COVID-19 and rule out needed investment in the United Nations Sustainable Development Goals (SDGs). A debt crisis would dramatically set back sustainable development. The global community has responded. Partial debt service suspensions were offered to 76 low-income developing countries eligible to the World Bank?s International Development Association (IDA) ? which… UN/DESA Policy Brief #72: COVID-19 and sovereign debt
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UN/DESA Policy Brief #73: The impact of COVID-19 on sport, physical activity and well-being and its effects on social development

UN/DESA Policy Brief #73: The impact of COVID-19 on sport, physical activity and well-being and its effects on social development

Introduction Sport is a major contributor to economic and social development. Its role is well recognized by Governments, including in the Political Declaration of the 2030 Agenda, which reflects on ?the contribution sports make to the empowerment of women and of young people, individuals and communities, as well as to health, education and social inclusion objectives.? Since its onset, the COVID-19 pandemic has spread to almost all countries of the world. Social and physical distancing measures, lockdowns of businesses, schools and overall social life, which have become commonplace to curtail the spread of the disease, have also disrupted many regular aspects of life, including sport and… UN/DESA Policy Brief #73: The impact of COVID-19 on sport, physical activity and well-being and its effects on social development
World Economic Situation and Prospects as of mid-2020

World Economic Situation and Prospects as of mid-2020

Against the backdrop of a raging and devastating pandemic, the world economy is projected to shrink by 3.2 per cent in 2020. Under the baseline scenario, GDP growth in developed countries will plunge to ?5.0 per cent in 2020, while output of developing countries will shrink by 0.7 per cent. The projected cumulative output losses during 2020 and 2021?nearly $8.5 trillion?will wipe out nearly all output gains of the previous four years. The pandemic has unleashed a health and economic crisis unprecedented in scope and magnitude. Lockdowns and the closing of national borders enforced by governments have paralyzed economic activities across the board, laying off millions of workers worldwide.… World Economic Situation and Prospects as of mid-2020