Lack of widespread vaccination in developing countries leads to losses for tourism sector

New Delhi/UNI: Developing countries have borne the biggest brunt of the COVID-19 pandemic’s impact on tourism, and South Asia is one of the world's most affected regions.

Trade in many developing countries projected to ‘nosedive’, warns UNCTAD

New York/IBNS: Trade in many developing countries is expected to take a “nosedive” in the second quarter of 2020, owing to the unprecedented effects of the coronavirus pandemic, UN economists said on Tuesday.

COVID-19 impact: Recession to hit developing nations, may spare India and China, says UN report

New York/IBNS: The world economy will go into recession this year with a predicted loss of global income in the trillions of dollars, causing serious trouble for developing countries, with the likely exception of China and the possible exception of India, as per a UN trade report released on Monday.

Coronavirus could cut global investment by 40%, new estimates show

New York/IBNS: A new UNCTAD analysis of how the coronavirus pandemic will affect global foreign direct investment (FDI) prospects shows that the negative impact will be worse than previously projected on 8 March.

Global creative economy shows resilience, growth: Report

Washington, Jan 15 (IBNS): With export growth rates of over 7% over 13 years, global trade in creative goods is an expanding and resilient sector buoyed by China, according to a new UNCTAD report.

Trade wars and protectionism threaten global shipping, warns UN agency

New York, Oct 4 (IBNS): Maritime trade is stronger than it’s been for five years, but “tit-for-tat” tariff battles and restructuring by shipping companies threaten to disrupt its role as a key player in global commerce, the UN said on Wednesday.