Page 40 - Development Report News Today

Global growth will eke out a gain in 2024, according to a UN forecast, but even its team says that's an 'optimistic' scenario amid a weak global economy.

Prepare for "stalling and divergent" global growth next year, according to a new forecast issued by the United Nations. Global economic growth will rise…

Global growth will eke out a gain in 2024, according to a UN forecast, but even its team says that’s an ‘optimistic’ scenario amid a weak global economy.

The UN Conference on Trade and Development (UNCTAD) has warned of a stalling global economy, with growth slowing in most regions from last year and only a few countries bucking the trend. In its Trade and Development Report 2023, the organization calls for a change in policy direction, including by leading central banks, and accompanying institutional reforms promised during the COVID-19 crisis to avert a lost decade.

Global growth will eke out a gain in 2024, according to a UN forecast, but even its team says that’s an ‘optimistic’ scenario amid a weak global economy.

Global growth will eke out a gain in 2024, according to a UN forecast, but even its team says that’s an ‘optimistic’ scenario amid a weak global economy.

The United Nations trade body called on Wednesday for global growth to be revived by reducing inequalities between countries and for top central banks to play a bigger role in stabilising the world economy. In its 2023 Trade and Development Report, the United Nations Conference on Trade and Development (UNCTAD) said that growing inequalities among countries were contributing to weak global demand and limiting investment and growth.

Russia is one of a few G20 countries, the economic growth of which is expected to improve in 2023, with forecast growth of gross domestic product by 2.2% and 2% for 2023 and 2024, respectively, the UN Conference on Trade and Development (UNCTAD) said on Wednesday.

The United Nations Conference on Trade and Development (UNCTAD) has issued its 2023 Trade and Development Report, urging global efforts to revive economic growth.

UNCTAD's annual Trade and Development Report provides comprehensive and authoritative analysis of economic trends and policy issues of international concern. It offers recommendations for building a global economy that ensures better future for all people and the planet. Past reports have looked at economic and social damage caused by financial crises, growing debt, stagnant wages and environmental degradation.