Published on Apr 10, 2020
The coronavirus pandemic affects everyone. The global economy is in a state of paralysis. Business are closed, production has ground to a halt. In many western countries governments are dishing out generous aid packages to business owners, freelancers and companies in need. But while rich countries can cushion the economic fallout from the crisis, others stare into an abyss. In many developing and emerging economies the corona crisis hits people with full force. As a result, UN Secretary General Antonio Guterres has urged rich countries to do more for those that are less prepared. Otherwise, he warned, we face the nightmare of the disease spreading like wildfire in develping nations with millions of deaths.
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