UN report: Financial volatility could endanger global trade, putting the global economy "on the brink of crisis"
2025-12-02 19:24:14
The Trade and Development Report 2025, released by the United Nations Conference on Trade and Development (UNCTAD) on December 2, forecasts that global economic growth will slow to 2.6% in 2025, down from 2.9% in 2024. The report focuses on the impact of finance on trade, noting that financial marekt fluctuations have almost as much impact on global trade as real economic activity and affect global development prospects. Greenspan, Secretary-General of UNCTAD, said the findings show that the financial environment is increasingly dominating the direction of global trade. "Trade is not just a supply chain, but a link between credit lines, payment systems, money markets and capital flows."
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