Tag: trade
Power and Pitfalls of Tariffs in Global Trade
Tariffs have become a focal point in global headlines as major economies impose or threaten them. While often viewed as geopolitical weapons,...
Global Trade Set to Hit $33 Trillion in 2024; Uncertainty Looms...
In 2024, global trade is poised to reach an all-time high of $33 trillion. This marks a $1 trillion increase from the...
Food Insecurity; Trade Can Prevent Hunger and Famine
Food insecurity is at an all-time high, undoing decades of progress in the fight against hunger. Over 280 million people globally face...
Unlocking the Power of Digital Marketing: A Comprehensive Guide
Digital marketing has revolutionized the way businesses connect with their customers and promote their products. Social media, search engines, and email marketing...
Rethinking Global Development Strategies
The United Nations Conference on Trade and Development (UNCTAD) has urged for a fundamental rethinking of global development strategies as slow growth,...
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...
