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U.N. body calls for countries to spur growth by reducing global inequality

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.
Rebeca Grynspan Toby Chopra United Nations Development Report United Nations Conference General Rebeca Grynspan
Source: yahoo.com

unctad: UNCTAD expects global economic growth for 2023 to slow down to 2.4%

The UN Conference on Trade and Development (UNCTAD) expects global economic growth to decelerate to 2.4% in 2023, meeting the criteria for a global recession. The report calls for a change in policy direction, including by leading central banks, to avert a lost decade. It highlights divergent post-pandemic recovery, with some economies demonstrating resilience while others face challenges.
United States Russian Federation Central Asia Global Recession Economic Growth Un Conference On Trade And Development

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unctad: Bright spot: UNCTAD raises India growth estimate to 6.6% for 2023

The UN Conference on Trade and Development (UNCTAD) has raised its economic growth forecast for India in 2023 to 6.6%, up from the previous prediction of 6%. However, it expects growth to slow to 6.2% in 2024. The UNCTAD also predicts global economic output growth to decelerate to 2.4% in 2023 before a small uptick to 2.5% in 2024. The report highlights the need for policy changes and institutional reforms to prevent a lost decade, and mentions that some economies, including India, have shown re...
United States Russian Federation World Bank Central Asia Market Concentration Global Recession

Decarbonising shipping to cost over $100 bn per year: UN

The UN called for rapid decarbonisation of the shipping industry on Wednesday, warning that the price tag could top $100 billion a year as the sector's emissions continue to swell.The agency is calling for a rapid shift towards cleaner fuels across a shipping industry, where nearly 99 percent of the global fleet remains reliant on conventional fuels.
Shamika Sirimanne Rebeca Grynspan International Maritime Organization Greenhouse Gas Emissions Alternative Fuels Shipping Industry
Source: yahoo.com

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