Developing countries could shoulder most of the cost of the coronavirus crisis, a new report from the UN warns. “The danger of a lost decade ahead remains a very real one,” Richard Kozul-Wright, UNCTAD’s director of globalisation and development strategies, told Al Jazeera. “And so far, the discussion of reform of the multilateral system, along the lines that followed the …
Developing countries should opt for a self-sustaining fiscal expansion to recover from the covid-induced economic shock, as fiscal austerity due to the fear of accumulating public debt could force them into another ‘lost decade’, the United Nations Conference on Trade and Development warned on Tuesday in a report. The UNCTAD Trade and Development Report 2020 said the global economic crisis …
