Name: Next year looks like it will be 'catastrophic,' U.N. warns
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Next year looks like it will be 'catastrophic,' U.N. warns

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Looking forward to finally turning the page on 2020 and optimistically embracing an overdue reversal of fortune in the new year? Not so fast, according to the United Nations.‘2021 is literally going to be catastrophic based on what we’re seeing at this stage of the game.’That’s World Food Program chief David Beasley, in front of the 193-member U.N. General Assembly Friday, offering up his grim outlook on the coming year, .He explained to the crowd, which had convened for a special meeting on COVID-19, that 2021 is likely to be “the worst humanitarian crisis year since the beginning of the United Nations” 75 years ago. Beasley added that “we’re not going to be able to fund everything… so we have to prioritize, as I say, the icebergs in front of the Titanic.” He also said that famine is “knocking on the door” for a dozen countries. Separately, World Health Organization head Tedros Adhanom Ghebreyesus appealed to the General Assembly for an immediate injection of $4.3 billion into a world vaccine-sharing program. “We simply cannot accept a world in which the poor and marginalized are trampled by the rich and powerful in the stampede for vaccines,” he said, calling for help after the United Nations said earlier this week that the economic impact of the coronavirus pandemic has fueled a 40% increase in the number of people in need of humanitarian help. “This is a global crisis and the solutions must be shared equitably as global public goods.”After Ukraine's recent advance, pundits on Russian television are beginning to question the tactics.SearchVisit a quote page and your recently viewed tickers will be displayed here.Search TickersNo results found

Looking forward to finally turning the page on 2020 and optimistically embracing an overdue reversal of fortune in the new year? Not so fast, according to the United Nations.‘2021 is literally going to be catastrophic based on what we’re seeing at this stage of the game.’That’s World Food Program chief David Beasley, in front of the 193-member U.N. General Assembly Friday, offering up his grim outlook on the coming year, .He explained to the crowd, which had convened for a special meeting on COVID-19, that 2021 is likely to be “the worst humanitarian crisis year since the beginning of the...

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Shawn Langlois is an editor and writer for MarketWatch in Los Angeles. Follow him on Twitter @slangwise.

https://www.marketwatch.com/author/shawn-langlois?mod=MW_author_byline

Shawn Langlois

MarketWatch is a website that provides financial information, business news, analysis, and stock market data. Along with The Wall Street Journal and Barron's, it is a subsidiary of Dow Jones & Company, a property of News Corp. Notable contributors include Mark Hulbert and Francine McKenna.

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Next year looks like it will be 'catastrophic,' U.N. warns

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