LocationsSocio-economic impact of COVID-19
The UN’s Framework for the Immediate Socio-Economic Response to the COVID 19 Crisis warns that “The COVID-19 pandemic is far more than a health crisis: it is affecting societies and economies at their core. While the impact of the pandemic will vary from country to country, it will most likely increase poverty and inequalities at a global scale, making achievement of SDGs even more urgent.
Assessing the impacts of the COVID-19 crisis on societies, economies and vulnerable groups is fundamental to inform and tailor the responses of governments and partners to recover from the crisis and ensure that no one is left behind in this effort.
Over the next 12 to 18 months, the socio-economic response will be one of one of three critical components of the UN’s COVID-19 response, alongside the health response, led by WHO, and the Global Humanitarian Response Plan.
As the technical lead for the socio-economic response, UNDP and its country offices worldwide are working under the leadership of the UN Resident Coordinators, and in close collaboration with specialized UN agencies, UN Regional Economic Commissions and IFIs, to assess the socio-economic impacts of the COVID-19 pandemic on economies and communities. The assessment reports available on this site contain the preliminary findings of regional and country analyses.
Briefs and Reports
Featured
The Social and Economic Impact of Covid-19 in the Asia-Pacific Region
Governments must dramatically overhaul policies and invest in public health, economic stimulus, and social safety nets, to help countries recover faster from the COVID-19 pandemic. The economic report warns that a patchwork of preexisting solutions won’t work and points out that governments must coordinate with each other to hasten the recovery. This is a global crisis and working in silos is not an option, it says. The report 'Position Note on the Social and Economic Impacts of COVID-19 in Asia-Pacific' calls on countries in the region to avoid returning to the pre-pandemic environmentally unsustainable development path, and to capitalize on the opportunity to build a better future.