Global Economy Faces Uncertain Future

The United Nations Conference on Trade and Development (UNCTAD) has issued a stark warning about the global economy's direction. According to their latest report, the world is on a "recessionary trajectory," with growth potentially slowing to just 2.3% in 2025.

Trade Tensions and Policy Shocks

The report highlights that global growth is being hampered by ongoing uncertainty and escalating trade tensions. "Trade policy uncertainty is at a historical high," the report states, leading to delayed investment decisions and reduced hiring. The recent escalation in tariff measures is further compromising supply chains and predictability.

Regional Growth Forecasts

Looking ahead, the report provides a grim outlook for several major economies. The United States is predicted to see economic growth of just 1.2% in 2025, with both the UK and the EU trailing at 1%. In contrast, China's economy is expected to grow by a more robust 4.4%.