Small island nations are struggling to recover from the pandemic, UN says

SourceThe National
CountryMiddle east

Small island developing states (SIDS) are facing an uphill struggle to recover from the impact of the pandemic, which has deepened their financial and economic vulnerabilities, according to the United Nations Conference on Trade and Development.

Last year was an exceptionally challenging year for SIDS, which are at least 35 per cent more susceptible to external economic shocks than other developing nations, Unctad said in its Development and Globalisation: Facts and Figures report on Thursday.

While these countries are a diverse group, they share a number of socio-economic and environmental challenges and witnessed an estimated 9 per cent decline in their gross domestic product more...