Executive summary
- Author: United Nations
- Main Title: World Economic Situation and Prospects 2021 , pp 7-17
- Publication Date: January 2021
- DOI: https://doi.org/10.18356/9789210054980c003
- Language: English
A once-in-a-century crisis—a Great Disruption unleashed by a viral pandemic—hit the world economy in 2020. The pandemic spread like a forest fire, reaching every corner of the world, infecting more than 90 million and killing close to 2 million people worldwide. For several months, uncertainties and panic paralysed most economic activities in both developed and developing economies. Trade and tourism came to a grinding halt, while job and output losses exceeded levels seen in any previous crisis. In a matter of months, the number of people living in poverty increased sharply, while income and wealth inequality trended towards new highs.
© 2021 United Nations
ISBN (PDF):
9789210054980
Book DOI:
https://doi.org/10.18356/9789210054980
Sustainable Development Goals:
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