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Remembering victims of second World War by UN

8 May 2021 Peace and Security The Second World War had a profound impact on the international community, and established the conditions for the creation of the United Nations. This weekend marks the official remembrance of the tens of millions of civilians and soldiers who died during the conflict. In total, about 40 million civilians, and some 20 million soldiers, lost their lives in the war between 1939 and 1945. On 8 and 9 May, the UN invites its 193 member countries, non-governmental organizations, and individuals, to pay tribute to the victims of the conflict. The date of 8 May was chosen because it is the day the Nazi forces in Germany surrendered in 1945 but, recognizing that UN member states may have their own memorable days associated with the victory over fascism, the General Assembly invited all countries, UN organizations, non-governmental organizations and individuals to celebrate either 8 May, 9 May, or both of these days annually as a tribute to all victims of the Sec...

Low-skilled workers, developing countries at risk of steep economic decline as coronavirus advances

Low-skilled workers, developing countries at risk of steep economic decline as coronavirus advances UN News/Elizabeth Scaffidi Woman waits with cash in hand to make purchase an old time New York City bakery, which counts the number of people it allows in to maintain a safe distance between customers.         1 April 2020 Economic Development The global economy could shrink by up to one per cent in 2020 due to the COVID-19 pandemic, and may contract even further if restrictions on economic activities are extended without adequate fiscal responses, according to analysis released today by the UN Department of Economic and Social Affairs ( DESA ). The DESA briefing finds that millions of workers are at risk of losing their jobs as nearly 100 countries close their national borders. That could translate to a global economic contraction of 0.9 per cent by the end of 2020, or even higher if governments fail to provide income support and help boost consumer spending. Str...

5 things you should know about the state of the global economy

5 things you should know about the state of the global economy IMF/Ernesto Benavides Goods are transported by hands in Lima, Peru. 10 May 2021 Economic Development Is this the year we overcome the global economic crisis caused by the pandemic? Are our jobs in danger? Who has lost the most in the crisis and what can be done to recover? As the UN Department of Social and Economic Affairs (DESA) prepares to launch the mid-year update of the 2021 World Economic Situation and Prospects (WESP) report, here are five things you need to know about the state of the global economy. Dock workers unload fresh fish from a boat in Casablanca, Morocco.IMF/ Jake Lyell Dock workers unload fresh fish from a boat in Casablanca, Morocco. 1) US and China bounce back, but a slow recovery for developing countries While economic output in the United States and China is expected to grow robustly and lift global growth, many developing economies are not expected to return to pre-pandemic output levels any...