Reports & Indices
This category comprises Current Affairs 2019-2020 related to various reports and indexes / indices by National and International Bodies and organizations such as World, Bank, World Economic Forum, NITI Aayog and various other educational and research organizations. We also place report highlights of various committees and commissions in this category.
The United Nations Conference on Trade and Development (UNCTAD) made a new analysis under the title “The COVID-19 Shock to Developing Countries”.
The analysis says that leading exporting countries are to face drop in investments between 2 trillion USD and 3 trillion USD in the next two years. The world economy is to go into recession in 2020-21 in spite of the G20 countries infusing 5 trillion USD. The predicted loss of global economy this year is expected to be in trillion USD. In just two months since the spread of the virus, developing countries have taken a huge hit in terms of currency depreciation, capital outflows, falling commodity prices, losing export earnings, declining tourist revenues.
India and China
The report also says that India and china are to stay out of these global recessions. However, the report did not give proper explanation for the countries being out of the recession. Recently, the ICRA, Moody’s and other leading market observers have predicted that the growth rate of India is to decline. However, they did not bring out factors that might put India in recession mode. This says that though India is to get affected economically by the virus, the impacts are to be minimal as compared to other developing countries.
Tags: Corona Virus • COVID-19 • Economic Slowdown • Recession • Revenue
According to a survey, in 2019, the global coal power plant development declined for the fourth consecutive year. A total of 13 GW of capacity construction delayed due to Corona Virus.
The survey was conducted by the Global Energy Monitor, Sierra Club, Greenpeace international and the Centre for Research on Energy and Clean Air.
Key Findings of the survey
The annual survey says that 15 major plants have been delayed so far due to supply chain and labour force issues. The new coal plant developers are facing increased difficulties all over the world as restrictions come from banks and insurers.
However, China’s approval of production has increased.
Between March 1 and March 18, 2020, China has approved more coal power (6.6 GW). In 2019, China had approved 6.3 GW of coal-based production. The number of coal based power plants entering into operation has increased in China since 2018 according to the survey. On the other hand, the global coal fleet is shrinking.