Impact of the pandemic on trade and development: transitioning to a new normal
The pandemic has redefined the world economy in ways that will deepen inequality and can only be reversed if a global transformation in attitudes towards trade and development allows the whole world to recover together, the UN trade body UNCTAD said, in a report. The report, Impact of the Pandemic on Trade and Development: Transitioning to a new normal, said the pandemic had accelerated existing trends in trade, investment and technology, but its impact was “tilted towards the most vulnerable, both within and across countries” and it would leave many developing countries with unsustainable debt burdens.
