Poorest countries will be $12tn worse off by 2025 due to Covid – UN

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  • Poorest countries will be $12tn worse off by 2025 due to Covid – UN

    updated 23 hours, 36 minutes ago 1 Member · 1 Post
  • Anonymous

    September 15, 2021 at 4:21 PM
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    Pandemic has added to their debts while wealthy nations limit access to vaccines, says annual report

    The world’s poorest countries will be left $12tn (£8.7tn) worse off by 2025 amid a weaker economic recovery from Covid-19 as wealthy nations limit their access to vaccines, the United Nations has warned.

    In its annual trade and development report, the UN Conference on Trade and Development (Unctad) said low-income countries had been hit much harder by the pandemic than during the 2008 financial crisis, adding to their debts and piling pressure on their public finances.

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