The figure is based on an analysis by United Nations Conference on Trade and Development (UNCTAD), UN News said in a report. And that is a…very vicious combination of an economic crisis and a health crisis. He said the $5 trillion global rescue package plan by rich industrial nations should reduce the extent of their shock - “physically, economically and psychologically”. “This will spell serious trouble for developing countries, with the likely exception of China and the possible exception of India”, he said. UNCTAD has also urged the implementation of State-led capital controls to curtail already surging capital outflows from these developing countries.
Source: dna March 31, 2020 09:45 UTC