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Trade and Development Report Update (April 2024)

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Trade and Development Report Update (April 2024)

United Nations Conference on Trade and Development

19th April 2024

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The report forecasts global economic growth to 2.6% in 2024, barely above the 2.5% threshold commonly associated with a recessionary phase.

This rate also signifies the third consecutive year of growth below the pre-pandemic average of 3.2% from 2015 to 2019.

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The report says the prevailing focus on inflation overshadows urgent issues like trade disruptions, climate change and rising inequalities.

It advocates for structural reforms and coordinated global efforts, proposing a comprehensive strategy that includes both supply-side policies to boost investment and demand-side measures to improve employment and income.

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Report by the United Nations Conference on Trade and Development

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