�山����

For the first time in living memory, Asia’s growth is expected to contract by 1.6 percent—a downgrade to the April projection of zero growth. While Asia’s economic growth in the first quarter of 2020 was better than projected in the —partly owing to early stabilization of the virus in some—have been revised down for most of the countries in the region due to weaker global conditions and more protracted containment measures in several emerging economies.

As Latin America becomes the global epicentre of the pandemic, figures show manufacturing in the region as one of the sectors most affected by the shutdown of economic activity.

The Great Lockdown is expected to play out in three phases, first as countries enter the lockdown, then as they exit, and finally as they escape the lockdown when there is a medical solution to the pandemic. Many countries are now in the second phase, as they reopen, with early signs of recovery, but with risks of second waves of infections and re-imposition of lockdowns. This pandemic has already claimed hundreds of thousands of lives worldwide. The resulting economic crisis is unlike anything the world has seen before.

Micro-, small and medium businesses are being hit hardest by the economic fall-out of the pandemic. Let’s not forget these enterprises make up over 90% of all firms and account for, on average, 70% of total employment and 50% of the GDP. , celebrated every June 27, raises public awareness of their contribution to the global economy. The’s flagship "", measures the impact of COVID-19 on small business.

Since 2006, Gaza has suffered from chronic electricity shortages. This further exacerbates already difficult living conditions for the majority of its nearly two million residents, who live on just a few hours of electricity per day. In response to the ongoing crisis, works with partners to provide renewable energy solutions for households across Gaza. To achieve 10 per cent of domestic electricity generation from renewable energy by 2020 – UNOPS installed hybrid solar systems on the rooftops of households.

This year, the International Day of Family Remittances will be observed under unprecedented conditions due to COVID-19. Millions of migrant workers are losing their jobs, and many remittance families are suddenly pushed below the poverty line. The �山����Secretary-General called for global solidarity in responding to the coronavirus crisis stating “remittances are a lifeline in the developing world – especially now”.  On 16 June, the United Nations recognizes the contribution of over 200 million migrants to improve the lives of their 800 million family members back home.

Since the COVID-19 outbreak was first reported in Wuhan, China in late December 2019, the disease has spread to more than 200 countries and territories. In the absence of a vaccine or effective treatment, governments worldwide have responded by implementing unprecedented containment and mitigation measures—. This in turn has resulted in large short-term economic losses, and a decline in global economic activity not seen since the Great Depression. Did it work?  analysis, based on a global sample, suggests that containment measures, by reducing mobility, have been very effective in flattening the “pandemic curve.” 

In the face of the COVID-19 crisis, the urges policymakers to use the opportunity to make fundamental changes to protect the most vulnerable when future shocks inevitably occur.

’s focus on inequality and poverty makes them uniquely positioned to help countries to prepare, respond, and fully recover from the pandemic. UNDP conducts quick assessments of the social and economic blowback from COVID-19, so governments can ensure urgent recovery measures and longer-term social protection, especially for the disadvantaged and marginalized. The US$30 million Rapid Response Facility provides funds within 72 hours, and more than 83 countries have benefitted.

Our solutions are in nature

The is committed to help countries respond to the health emergency, contain economic damage, and start planning for long-term recovery. We have set up fast-track financing for COVID-19 response efforts and have these underway already in over 60 client countries. Through a combination of new projects, restructuring and emergency components of existing projects, and deployment of our disaster finance instruments, we expect our COVID-19 work to reach 100 countries.

Several countries in Asia and Europe, where the COVID-19 outbreak appears to have peaked, are gradually reopening their economies. Without a vaccine or effective treatment, policymakers will be balancing the benefits of resuming economic activity against the potential cost of another increase in infection rates. They face difficult choices, in part, because the costs of erring in either direction could be very large. Given this, authorities are adopting a gradual and sequenced approach to reopening, along with the adoption of further prevention and containment measures. 

Families bear the brunt of the COVID-19 pandemic, sheltering their members from harm, caring for out-of-school children and, at the same time, continuing their work responsibilities. The International Day of Families, observed on 15 May each year, provides an opportunity to raise awareness of the social, economic and demographic processes affecting families. This year’s observance, which focuses on Families in Development: Copenhagen & Beijing+25 brings into sharp focus the importance of investing in social policies protecting the most vulnerable individuals and families.

As the coronavirus pandemic has halted the travel industry, the United Nations works to cushion the economic impact of COVID-19 on small island developing States, which continue reeling from climate-related challenges. The sudden downturn in travel has left island economies heavily reliant on foreign visitors very worried about their finances. , among other �山����entities, supports the government responses in Vanuatu, Fiji and Solomon Islands to reach children most in need, while facing the additional demands of the ongoing preparedness and response efforts for COVID-19.

The economic effects of suspending almost all activity have immediately impacted the world’s commodity markets and are likely to continue to affect them for months to come as countries contend with the health emergency of the COVID-19 pandemic. The warns the pandemic has the potential to lead to permanent changes in the demand and supply of commodities, and especially to the supply chains that move those commodities from producers to consumers.