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.

Challenges Ahead

The report highlights several factors contributing to this gloomy outlook, including constant uncertainty, intensifying trade tensions, and the rising risk of policy shocks. "Trade policy uncertainty is at a historical high," the report notes, emphasizing how this uncertainty is already affecting investment decisions and hiring practices.

Regional Growth Forecasts

Breaking down the predictions by region, the United States is expected to see economic growth of 1.2% in 2025, with both the UK and the EU trailing slightly at 1%. In contrast, China's economy is forecasted to grow by a more robust 4.4%.