Junctad: The growth rate of the world economy slows down against the backdrop of the “historical maximum of uncertainty” in trade

Developing countries, such as Bangladesh (in the photo), will suffer from increasing trade duties. Junctad: The growth rate of the world economy slows down against the backdrop of the “historical maximum of uncertainty” in trade Economic development world economy is located on the trajectory of recession related to the escalation of trade tension and persistent uncertainty. It is expected that in 2025 the growth of the world economy will slow down to 2.3 percent. This is stated in the new report of the UN Conference on Trade and Development (UNCTAD). disagreements in the field of trade policy, instability of financial markets and political turbulence create the conditions under which investments are postponed, and the employment level stops growing. increase tension ~ 60 > authors of the report note the “historical maximum uncertainty” & nbsp; in trade policy. New tariff measures and response steps from large economies violate supplies and undermine the predictability of global trade. This, in turn, affects the solutions of investment companies and hiring. threats for developing countries 62 ~Experts are particularly concerned about the situation of developing countries, especially those whose economies are vulnerable due to external duty and unstable internal situation. Many countries with a low level of income are faced with an “ideal storm”: a deterioration in external financial conditions, an excessive debt burden and a weakening of internal growth. 62 > 62 > Also: interview | The UN call not to introduce tariffs against developing countries ~ 60 > Junctad emphasizes that the risks of slowing progress in the field of sustainable development are becoming more and more real. 62 ~ new Opportunities despite alarming signals, potential sustainable sources are also distinguished in the report. In particular, the growth of trade between developing countries (the so-called South-South trade) can play a stabilizing role. These countries already account for about a third of world trade. ~ 60 > potential of economic integration South-South Open opportunities for many developing countries, is noted in the report. 62 necessary coordinated Politics 60 > Junctad calls for the activation of a global dialogue and increased coordination of economic policy both at the regional and international level. Coordinated actions, according to experts, are necessary to restore trust, stabilize markets and stimulate sustainable growth.

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