Global economy on recessionary path as trade tensions escalate: UNCTAD
The global growth is projected to slow to 2.3 per cent in 2025, placing the world economy on a recessionary path amid rising trade tensions and uncertainty, as per a report by UNCTAD. The report warns of disrupted supply chains, delayed investments, and risks to vulnerable economies. However, it sees South-South trade as a source of resilience.
The global growth is projected to slow to 2.3 per cent in 2025, placing the world economy on a recessionary path amid rising trade tensions and uncertainty, as per a report by UNCTAD.
The report warns of disrupted supply chains, delayed investments, and risks to vulnerable economies.
However, it sees South-South trade as a source of resilience.
