• search
By : Oneindia Video Team
Published : March 31, 2020, 02:50
Duration : 01:33

Covid-19: UN report says recession to hit developing nations may spare India and China

AS THE WORLD BATTLES THE CORONAVIRUS PANDEMIC, THE WORLD ECONOMY WILL GO INTO RECESSION THIS YEAR WITH A PREDICTED LOSS OF TRILLIONS OF DOLLARS OF GLOBAL INCOME, SERIOUS TROUBLE PREDICTED FOR DEVELOPING COUNTRIES WITH THE LIKELY EXCEPTION OF INDIA AND CHINA ACCORDING TO A LATEST UN TRADE REPORT. WITH TWO-THIRDS OF THE WORLD'S POPULATION LIVING IN DEVELOPING COUNTRIES FACING UNPRECEDENTED ECONOMIC DAMAGE FROM THE COVID-19 CRISIS, THE UN IS CALLING FOR A USD 2.5 TRILLION RESCUE PACKAGE FOR THESE NATIONS. THE REPORT BY UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT , HOWEVER, DID NOT GIVE A DETAILED EXPLANATION AS TO WHY AND HOW INDIA AND CHINA WILL BE THE EXCEPTIONS AS THE WORLD FACES A RECESSION AND LOSS IN GLOBAL INCOME THAT WILL IMPACT DEVELOPING COUNTRIES.
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
Subscribe to Oneindia News YouTube Channel for latest- exclusive news and video
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Yes No
Settings X