Global Growth Slows to 2.3% Due to Trade Tensions: UNCTAD
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)
