Press Release


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COVID-19’s economic fallout will long outlive the health crisis, UNCTAD warns
  • Inequalities and vulnerabilities will worsen as the effects of the pandemic undermine progress on poverty and other important sustainable development goals.
  • UNCTAD charts a roadmap for more inclusive trade and economic development, emphasizing the need to reshape global production networks.

, , 19 November 2020

Global markets and spirits are up with the news that two COVID-19 vaccines have shown to be more than 90% effective in late-stage clinical trials.

But while there is growing confidence that an end to the health pandemic is in sight, an UNCTAD report published today warns that a viable vaccine will not halt the spread of economic damage, which will be felt long into the future, especially by the poorest and most vulnerable.

 


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UNCTAD estimates economic cost of Israeli occupation in Gaza in past decade at $16.7 billion
Prolonged closure and military operations have left Gaza’s regional economy on the verge of collapse

, , 25 November 2020

The cumulative economic cost of the Israeli occupation, only from the prolonged closure and military operations in Gaza, during the 2007–2018 period, is estimated at $16.7 billion, according to the latest UNCTAD report to the UN General Assembly.

 


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UNCTAD’S Review of Maritime Transport 2020: highlights and figures on Latin America and the Caribbean

, , 12 November 2020

Below are highlights and figures on Latin America and the Caribbean (LAC) from UNCTAD’s Review of Maritime Transport 2020 released today and the organization’s other analyses.

Impact of COVID-19

 


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UNCTAD’s Review of Maritime Transport 2020: highlights and figures on Asia and the pacific

, , 12 November 2020

Below are highlights and figures on Asia and the Pacific from UNCTAD’s Review of Maritime Transport 2020 released today and the organization’s other analyses.

Impact of COVID-19

 


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UNCTAD’s Review of Maritime Transport 2020: highlights and figures on Africa

, , 12 November 2020

Below are highlights and figures on Africa from UNCTAD’s Review of Maritime Transport 2020 released today and the organization’s other analyses.

Impact of COVID-19

 


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Pandemic cuts global maritime trade, transforms industry
COVID-19 has sent shockwaves through global maritime transport and laid the foundations for a transformed industry and associated supply chains.

, , 12 November 2020

Global maritime trade will plunge by 4.1% in 2020 due to the unprecedented disruption caused by COVID-19, UNCTAD estimates in its Review of Maritime Transport 2020, released on 12 November.

The report warns that new waves of the pandemic that further disrupt supply chains and economies might cause a steeper decline. The pandemic has sent shockwaves through supply chains, shipping networks and ports, leading to plummeting cargo volumes and foiling growth prospects, it says.