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International Business Times UK

Arshad Hussain

Global Economy on Edge: UNCTAD and WTO Forecast Deepening Slowdown for This Year

Unctad WTO Economy United States China Pandemic

The global economy is teetering on the edge of a recession in 2025, as escalating trade wars and mounting policy uncertainty threaten to derail growth worldwide.

According to alarming new forecasts published by United Nations Conference on Trade and Development (UNCTAD), the worldwide growth is expected to slump to a mere 2.3 per cent.

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