Global growth forecast to slow to 1.9% in 2023, warn UN economists

Senior UN economists warned on Wednesday that intersecting crises are likely to add further damage to the global economy, with growth set to slow from three per cent in 2022 to 1.9 per cent this year.

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Coronavirus COVID-19 wipes $50 billion off global exports in February alone

04 Mar 2020

The extent of the damage to the global economy caused by novel coronavirus COVID-19 moved further into focus on Wednesday as UN economists announced a likely $50 billion drop in worldwide manufacturing exports in February alone.

World trade reaches all-time high, but 2022 outlook ‘uncertain’: UNCTAD

30 Nov 2021

Global trade is expected to be worth about $28 trillion this year - an increase of 23 per cent on pre-pandemic levels - but the outlook for 2022 remains very uncertain, UN economists said on Tuesday.

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).