Press Release


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Embargo
The contents of this press release and the related Report must not be quoted or summarized in the print, broadcast or electronic media before
3 December 2020, 07:00 Geneva Time

Improve productive capacities of world’s poorest countries for stronger recovery, UNCTAD says
The COVID-19 economic crisis is forecast to reverse years of painstaking development progress in education and nutrition, and to pull 32 million people back into extreme poverty.

, , 3 December 2020

Efforts to rebuild the economies of the world’s poorest nations post-pandemic will fall significantly short unless their productive capacities are drastically improved, according to UNCTAD’s Least Developed Countries Report 2020.

 


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COVID-19’s economic fallout will long outlive the health crisis, UNCTAD warns
  • Inequalities and vulnerabilities will worsen as the effects of the pandemic undermine progress on poverty and other important sustainable development goals.
  • UNCTAD charts a roadmap for more inclusive trade and economic development, emphasizing the need to reshape global production networks.

, , 19 November 2020

Global markets and spirits are up with the news that two COVID-19 vaccines have shown to be more than 90% effective in late-stage clinical trials.

But while there is growing confidence that an end to the health pandemic is in sight, an UNCTAD report published today warns that a viable vaccine will not halt the spread of economic damage, which will be felt long into the future, especially by the poorest and most vulnerable.

 


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UNCTAD estimates economic cost of Israeli occupation in Gaza in past decade at $16.7 billion
Prolonged closure and military operations have left Gaza’s regional economy on the verge of collapse

, , 25 November 2020

The cumulative economic cost of the Israeli occupation, only from the prolonged closure and military operations in Gaza, during the 2007–2018 period, is estimated at $16.7 billion, according to the latest UNCTAD report to the UN General Assembly.

 


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UNCTAD’S Review of Maritime Transport 2020: highlights and figures on Latin America and the Caribbean

, , 12 November 2020

Below are highlights and figures on Latin America and the Caribbean (LAC) from UNCTAD’s Review of Maritime Transport 2020 released today and the organization’s other analyses.

Impact of COVID-19

 


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UNCTAD’s Review of Maritime Transport 2020: highlights and figures on Asia and the pacific

, , 12 November 2020

Below are highlights and figures on Asia and the Pacific from UNCTAD’s Review of Maritime Transport 2020 released today and the organization’s other analyses.

Impact of COVID-19

 


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UNCTAD’s Review of Maritime Transport 2020: highlights and figures on Africa

, , 12 November 2020

Below are highlights and figures on Africa from UNCTAD’s Review of Maritime Transport 2020 released today and the organization’s other analyses.

Impact of COVID-19

 


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Pandemic cuts global maritime trade, transforms industry
COVID-19 has sent shockwaves through global maritime transport and laid the foundations for a transformed industry and associated supply chains.

, , 12 November 2020

Global maritime trade will plunge by 4.1% in 2020 due to the unprecedented disruption caused by COVID-19, UNCTAD estimates in its Review of Maritime Transport 2020, released on 12 November.

The report warns that new waves of the pandemic that further disrupt supply chains and economies might cause a steeper decline. The pandemic has sent shockwaves through supply chains, shipping networks and ports, leading to plummeting cargo volumes and foiling growth prospects, it says.

 


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COVID-19 has changed online shopping forever, survey shows
Press release issued in partnership with Netcomm Suisse eCommerce Association

The COVID-19 pandemic has accelerated the shift towards a more digital world. A recent online consumer survey shows that changes in online shopping behaviours are likely to have lasting effects.


, , 8 October 2020

The COVID-19 pandemic has forever changed online shopping behaviours, according to a survey of about 3,700 consumers in nine emerging and developed economies.

The survey, entitled “COVID-19 and E-commerce”, examined how the pandemic has changed the way consumers use e-commerce and digital solutions. It covered Brazil, China, Germany, Italy, the Republic of Korea, Russian Federation, South Africa, Switzerland and Turkey.

 


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Africa could gain $89 billion annually by curbing illicit financial flows, UN says
The financing gap to achieve the Sustainable Development Goals, estimated at $200 billion per year, could be nearly halved

, , 28 September 2020

Every year, an estimated $88.6 billion, equivalent to 3.7% of Africa’s GDP, leaves the continent as illicit capital flight, according to UNCTAD’s Economic Development in Africa Report 2020 launched today.

 


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Raising wages and squeezing corporate rents the way to recover better from the COVID-19 shock, UNCTAD says
The global economy has grown more fragile, marred by deeper inequalities

, , 22 September 2020

The world should tackle hyper-inequality to build back a better global economy from the devastation caused by the coronavirus pandemic, according to UNCTAD’s Trade and Development Report 2020.

Of all the pre-existing conditions exposed by the COVID-19 shock, hyper-inequality – the product of four decades of wage repression (see Figure) – poses the biggest threat.