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March 17, 2020
ECONOMIC IMPACT – COVID 19Economy

Coronavirus update: COVID19 likely to cost economy $1 trillion during 2020, says UN trade agency

6min1
Apart from the tragic human consequences of the COVID-19 coronavirus epidemic, the economic uncertainty it has sparked will likely cost the global economy $1 trillion in 2020, the UN’s trade and development agency, UNCTAD, said on Monday. “We envisage a slowdown in the global economy to under two per cent for this year, and that […]
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March 17, 2020
ECONOMIC IMPACT – COVID 19Economy

The Global Economic Impacts of COVID-19

4min0
  Q1. What will be the impact of COVID-19 on the economy? A1: The extent of the damage will depend on how quickly the virus is contained, the steps authorities take to contain it, and how much economic support governments are willing to deploy during the epidemic’s immediate impact and aftermath. Early indications of COVID-19’s impact […]
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Lanka Business News is amongst the leading online Business News portals in Sri Lanka, unique for its focus on contemporary business news relevant across multiple industries operating in the country. We present not only the news, but a perspective based on observations and possible implications of a prevailing news item. LBN also provides an insight to the impact of a global economic or industrial development, thus helping stakeholders make informed and calculated decisions.

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