UNCTAD - COVID-19: UNCTAD warns of ‘lost decade’ if countries adopt austerity

21 September 2022 |

In the face of a deep global recession amid a still unchecked pandemic, the world needs a global recovery plan that can return even the most vulnerable countries to a stronger position than they were in before COVID-19, says UNCTAD`s Trade and Development Report 2020.

According to the report, key to success will be tackling a series of pre-existing conditions that were threatening the health of the global economy even before the pandemic hit.

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