Global economic growth is expected to slow from 2.8 percent in 2024 to 2.3 percent in 2025 due to trade tensions and an uncertain environment in which developing countries are most vulnerable.
The United Nations Conference on Trade and Development (UNCTAD) on Wednesday forecast global growth would slow to 2.3 percent in 2025, marking a shift toward a recessionary path.
"Sluggish demand, trade policy shocks, financial turmoil and systemic uncertainty are adding to the pressures, especially for developing countries," UNCTAD said in its latest report, Trade and Development Foresights.
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