UNCTAD/Jan Hoffmann UNCTAD has estimated global economic losses of $1 trillion in 2020. The virus shut down the world in a global economic meltdown. This is why UBI is being viewed as a viable policy across the world.
Even before the virus had officially been declared a pandemic, it was clear that the shutdowns, travel bans and other restrictions on movement would be serious.
Back in March, the UN trade agency, UNCTAD , was forecasting that around $1 trillion would be lost to the global economy over the year, and the International Monetary Fund ( IMF ) and World Bank […]
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