66. UN trade report: Global economy sees weak growth as many financial and development challenges remain

2023-10-04

In this episode of The Weekly Tradecast, we’re looking at the UN’s Trade and Development Report 2023 with Richard Kozul-Wright, director of UNCTAD’s globalization and development strategies division. The good news: The global economy is growing. But the recovery looks weak as many risks remain and many big economies struggle to get back to pre-COVID-19 growth levels. The report warns of major challenges from inflation, debt burdens and food and energy insecurity. All of that str...

The good news: The global economy is growing. But the recovery looks weak as many risks remain and many big economies struggle to get back to pre-COVID-19 growth levels.

The report warns of major challenges from inflation, debt burdens and food and energy insecurity. All of that stress is compounded by climate change and a retreat in public spending.

Listen in to UNCTAD’s Richard Kozul-Wright for highlights of the report and insights on how the financial system can adapt to the risks to support developing countries and global resilience.

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