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The UN Trade and Development Conference (UNCTAD) in its latest Trade and Development Report Update released on Wednesday expects global growth in 2023 to drop to 2.1%, compared to the 2.2% projected in September 2022
Debt-ridden developing countries face years of economic pain brought on by a global growth slowdown, high interest rates and reduced investment, the UN Conference on Trade and Development (UNCTAD) warned on Wednesday.
Get latest articles and stories on World at LatestLY. India's economic growth is projected to decelerate to 6 per cent in 2023 from 6.6 per cent in 2022, according to the United Nations. World News | India's Economic Growth Projected to Decelerate to 6% in 2023 from 6.6% in 2022: UN.
Global growth is expected to be lower than earlier projected, signalling a potential economic downturn. Developing countries face mounting debt and insufficient international support, risking another lost decade. The banking crisis highlights long-neglected financial fragilities and regulatory weaknesses. Declining energy costs lead to lower inflation, but elevated food prices maintain a high cost of living in many developing countries. Growing global asymmetries threaten
By Mehtab HaiderISLAMABAD: United Nations Conference on Trade and Development has included Pakistan in the list of five countries around the globe that are facing a high degree of pressure on the...