Global growth on recessionary path amid trade tensions and uncertainty

ONU - 16/04
The world economy is on a recessionary trajectory as global growth is expected to slow to 2.3 per cent this year due to escalating trade tensions and uncertainty, the UN trade and development body, UNCTAD, said in a new report published on Wednesday. 

The projection is below the 2.5 per cent threshold widely viewed as signalling a global recession.

It also represents a significant deceleration compared to average annual growth rates prior to the COVID-19 pandemic when global growth was already subdued.

Threats and volatility

The report cited mounting threats including trade policy shocks, finan...
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