The United Nations Conference on Trade and Development warns of escalating global trade tensions
2025-04-04 22:14:28
The United Nations Conference on Trade and Development (UNCTAD) released a statement on April 4 local time, pointing out that global economic growth may further decline as major economies will impose new tariffs. In a low-growth, high-debt global economy, tariff increases could weaken investment and trade flows, adding uncertainty to an already fragile environment. This could weaken confidence, slow investment and threaten development gains, especially in the most vulnerable economies. For businesses and policymakers, the unpredictability and uncertainty of trade and investment are becoming serious obstacles to growth and planning. Many low-income economies are currently facing a deteriorating external environment, unsustainable debt levels, and slowing domestic growth.
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