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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 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.

The economic and societal disruption caused by COVID-19 is worsening. Huge job losses, bankruptcies, shrinking GDP, widespread failure of small businesses, fundamental shifts in consumer and public behaviour will become more apparent as the pandemic drags on. We can no longer play by the old rules, and there are hard choices ahead. But also opportunities. The next phase of ’s response is a quantum leap—to help decision-makers enact fundamental changes to ensure a just and fair transition to a clean economy by overhauling governance and social protection and fostering digital disruption.

As the COVID-19 pandemic and economic crisis continues to spread, the amount of money migrant workers send home is projected to decline 14 percent by 2021 compared to the pre COVID-19 levels in 2019, according to the latest estimates published in the World Bank’s Migration and Development Brief.  The foremost factors driving the decline in remittances include weak economic growth and employment levels in migrant-hosting countries, weak oil prices; and depreciation of the currencies of remittance-source countries against the US dollar.

Every two years, the (UNDRR) works with thinkers, practitioners, experts and innovators to investigate the state of risk across the globe: highlighting what’s new, spotting emerging trends, revealing disturbing patterns, examining behaviour, and presenting progress in reducing risk. The findings make up the .

Cities are the front lines in dealing with disasters and are a major emphasis of the . They are particularly vulnerable to increasingly frequent and extreme weather hazards, such as storms, climate change impacts, including water shortages, environmental degradation and unsafe construction in seismic zones. the Ten Essentials for Making Cities Resilient.

The industrialized countries, making up less than 20 per cent of the global population, produce over half of the world’s manufactured goods. Emerging economy China churns out a further 30 per cent. Developing countries together produce less than 3 per cent. There is now a risk that, as a result of the ongoing economic shockwaves from the COVID-19 pandemic, the gap could widen even further. 

In the face of a deep global recession amid a still unchecked pandemic, the world needs a global recovery plan that can return even the most vulnerable countries to a stronger position than they were in before COVID-19, says UNCTAD`s . According to the report, key to success will be tackling a series of pre-existing conditions that were threatening the health of the global economy even before the pandemic hit.

This World Tourism Day (27 September) is celebrated at a critical moment, according to the last �山����brief about the impact of COVID-19 on the industry. Communities around the world look to tourism to drive recovery, especially rural communities where the sector is a leading employer, most notably for women and youth. These rural communities are usually much less prepared to deal with the short and longer-term impacts of crisis. Tourism can offer solutions to all these challenges. Help us the role of tourism with the theme 2020: “

celebrates “Tourism and Rural Development” as this year’s World Tourism Day theme, as countries around the world look to tourism, as a leading employer, to drive recovery.

Considering the current pandemic, South-South cooperation is more important than ever. Several countries of the global South have already demonstrated effective responses to COVID-19, so they can help other less developed to build more resilient societies during the crisis. In observance of the International Day of South-South Cooperation (12 September),  the hosts a  on 10 September at  9 a.m. EDT to reflect on the vital role of international solidarity towards the Sustainable Development Goals, while effectively responding to the global COVID-19 crisis.

Aside from the obvious human and economic impacts, one of the remarkable aspects of the COVID-19 pandemic has been the vacuum filled by digital technologies: ICTs have facilitated millions of people in working from home during lockdowns, maintaining contact with friends or family or even in analyzing whether a person may be potentially infected. The pandemic is also likely to have accelerated the process of digitalization of manufacturing, known as “the Fourth Industrial Revolution,” by shortening global value chains, increasing regional trade and mass customization, as businesses scramble to adapt to a “new normal” by mitigating risks. UNIDO is providing tailored-solutions to its Member States to help them recover and build inclusive, sustainable and resilient economies.

The next phase of ’s COVID-19 crisis response is designed to help decision-makers look beyond recovery, towards 2030, making choices and managing complexity a

Europe, like the rest of the world, faces an extended crisis. An element of social distancing—mandatory or voluntary—will be with us for as long as this pandemic persists. This, coupled with continued supply chain disruptions and other problems, is prolonging an already difficult situation. overarching policy goals include saving lives now and ensuring Europe emerges with a greener and safer economy for the long run, one where future generations can thrive equitably.

The coronavirus crisis is pushing critical economic, social and environmental development targets beyond reach, warned through its .

As profits plummet and operations shutter due to the pandemic, the United Nations’ corporate partners build a safer, greener fairer and more resilient global economy. The , the world’s largest corporate sustainability initiative, recently made a for private sector leaders to work together to control the coronavirus outbreak. Joint action is critical to spur recovery. Collective efforts are also vital to reduce entrenched inequalities and advance the Sustainable Development Goals, the UN’s shared blueprint for achieving peace and prosperity across the planet.