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More info: https://www.gate.com/announcements/article/45185
The report released by the United Nations shows that the global economic outlook has worsened and is facing high uncertainty. Uncertainty in trade policies and the increase in tariffs have added pressure to the Supply Chain, leading to a slowdown in business investment. The global economic growth rate is expected to decline from 2.9% to 2.4%. Developing countries face challenges such as reduced exports and falling commodity prices. The global trade growth rate is expected to drop significantly to 1.6%, and the lack of growth has impacted the achievement of sustainable development goals and limited investments in green transition.