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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. Struggling service industri