Reported 3 days ago
The UN Trade and Development agency (UNCTAD) has projected that global economic growth could decelerate to 2.3% in 2025 due to ongoing trade tensions and uncertainty, potentially leading to a recession. This marks a decline from 2.8% growth in 2024 and reflects significant risks posed by tariff implementations and geopolitical confrontations that disrupt international trade. The agency highlighted elevated policy uncertainty this century, which hampers investments and hiring.
Source: YAHOO