Economic growth ‘exceeds expectations’ but trade tensions are rising: UN report

Global economic growth is exceeding expectations this year but heightened geopolitical tension and uncertainty over international trade could thwart progress, according to a new United Nations report.

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Global foreign investment declines for second year as geopolitical tensions rise, UN trade body reports

20 Jun 2024

Foreign direct investment (FDI) fell by two per cent to $1.3 trillion in 2023 amid global economic slowdown and rising geopolitical tensions, according to a report released on Thursday by the UN trade and development body, UNCTAD.

World Bank: sharp, long-lasting slowdown to hit developing countries hard

10 Jan 2023

Growth in emerging market and developing economies will be hit hard over the next two years, according to the World Bank’s latest Global Economic Prospects report.

Global economy projected to show fastest growth in 50 years

15 Sep 2021

The global economy is expected to bounce back this year with growth of 5.3 per cent, the fastest in nearly five decades, according to the UN Conference on Trade and Development (UNCTAD).