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Digital trade in Asia pacific Surge; Disparity Still a Challenge

Discover the Asia-Pacific Trade and Investment Report 2023-2024's insights on digital trade, emphasizing inclusivity and the need to bridge the digital gap for sustainable development. Explore key challenges, policy measures, and the imperative role of collaboration outlined in this UNCTAD report.

UNCTAD Warns of Diverging Global Growth

The global economy stands at a pivotal moment, marked by a stark contrast between thriving and struggling economies, according to the United Nations Conference on Trade and Development (UNCTAD). In Trade and Development Report 2023, UNCTAD forecasts a slowdown in world economic growth from three percent in the previous year to 2.4 percent in 2023, with limited signs of recovery in 2024.

Economic Outlook: Growth Slows, Inflation Persists, Risks Remain

The world economy is expected to see moderate growth in 2023, projected at 3.0%, but is anticipated to slow down slightly to 2.7% in 2024. This economic growth is largely driven by Asia, despite a weaker recovery in China than expected. However, global growth in 2024 is likely to be lower, primarily due to monetary policy becoming more visible and China's subdued domestic demand, said OECD in its latest report.

Global Trade Stagnate But Green Goods Grow

Despite global trade set to stagnate in the first half of 2023, the silver lining is with respect to the strong performance of trade in “green goods”, whose growth held strong throughout the year,

Global Trade Growth turns ‘Negative’; UNCTAD 

Global trade is set to reach almost 32 trillion dollar in 2022, but inflation has reversed some of the gains made in...

India Plugs Export Target of 400 billion dollars in 2021-22

Major highlights of the Department of Commerce during 2021 are as follows: Export Target of US$ 400 billion for Merchandise in 2021-22 Target...

Maritime Volume Starts Rebounding

The COVID-19 pandemic disrupted maritime transport in 2020 but the outcome was less damaging than initially feared. Though volumes fell less dramatically than expected...

South Asia Comes With Low Intraregional Business

South Asia regions low levels of intraregional economic engagement, which is only 5-6% of the total trade, has badly hit the consumers, workers, firms...

Ongoing Efforts to Keep Asia pacific Trade in Good Spirit

The high cost of trade in Asia and the Pacific continues to rise but ongoing efforts to facilitate commerce will help keep goods flowing...

Global Trade Threatens Species; UNCTAD

About one million plant and animal species are now threatened with extinction in the world, and some estimates point out that global trade threatened...