UN Chief Warns COVID-19 Outbreak Might Set World’s Economic Progress Back By Decades
He said that the world is witnessing the sharpest decline in per capita income since 1870.
In his latest address, United Nations (UN) Secretary-General, António Guterres has warned that the COVID-19 outbreak around the world could set the world’s economic progress back by decades. Pointing to more than 12 million infections, 5,50,000 deaths, hundreds of millions of lost jobs and the sharpest decline in per capita income since 1870, the top UN official bemoaned that “some 265 million people could face acute food insecurity by the year-end – double the number at risk before the crisis.”
Guterres has called for an inclusive, networked, and effective multi-lateral approach. He also advocated for concrete and implementable solutions inspired by sustainable development goals to deal with the ongoing crisis. The UN Secretary-General said that the future economic policies should be aimed at safeguarding recent gains, protecting the vulnerable, and moving toward building more inclusive, sustainable, and resilient societies. The COVID-19 outbreak has already infected nearly 13.5 million people worldwide and nearly 5 lakh people have succumbed to the infection till date.
Get the latest economic news updates on ZEE5.