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Global economic growth could slow to 2.3% due to trade tensions, says UN trade agency

Published by Global Banking and Finance Review

Posted on April 16, 2025

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GENEVA (Reuters) - Global economic growth could slow to 2.3% as trade tensions and uncertainty drive a recessionary trend, the UN Trade and Development (UNCTAD) agency said on Wednesday.

   "Global growth is projected to slow to 2.3% in 2025, placing the world economy on a recessionary path," the UNCTAD said, citing a report it published on the trade and development outlook for this year.

The global economy grew by 2.8% in 2024, according to the agency.

(Reporting by Olivia Le Poidevin, Editing by Rachel More)

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