United nations' world economic situation, Book by Bayard Taylor

The world economy will lose USD 12.5 trillion in output by 2024 due to the pandemic, the International Monetary Fund managing director said on Thursday."The world economy between now and 2024 is losing USD 12.5 trillion in output because of COVID," Kristalina Georgieva said. "And we are going to actually update this number revising it upwards because of Omicron."The global economy is projected to grow by only 4% in 2022 and 3.5% the following year after a strong recovery in 2021, a new United Nations' World Economic Situation and Prospects (WESP) 2022 report revealed last week.The new waves of COVID-19 infections, persistent labor market challenges, supply-chain disruptions, and soaring inflation affect global economic recovery, the report said.In light of the report's findings, UN Secretary-General Antonio Guterres said the global community needs to develop targeted, coordinated measures to close inequality gaps among nations. (ANI/Sputnik)( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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United Nations' World Economic SituationFOLLOW

United nations' world economic situation, Latest News

International :World Economy to lose USD 12.5tn in output by 2024 because of COVID-19: IMF Chief

The world economy will lose USD 12.5 trillion in output by 2024 due to the pandemic, the International Monetary Fund managing director said on Thursday. ...