COVID-19: ‘Unparalleled economic shock’ threatens development hopes and gains
As the diverse and severe impacts of the COVID-19 pandemic continue to be felt across the world, an “unparalleled economic shock” is putting development gains at risk, the UN chief told a meeting of high-powered business leaders on Wednesday.
“Unemployment has skyrocketed. Temporary business closures are becoming permanent. Rebuilding to pre-crisis levels of employment and output may take years”, Secretary-General António Guterres told at a virtual gathering of the Global Investors for Sustainable Development Alliance (GISD).
