Tag: global economy
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Looming debt crisis, deepening inequality, lack of investment in climate mitigation and adaptation: UN Trade and Development calls for structural reform
Globally, in the first quarter of 2024, economic growth is slowing; private investment is stagnant, income inequality is increasing; and consumption expenditure is increasingly sustained by private borrowing. The UN Trade and Development Report Update (April, 2024) is a ‘must read’ for understanding the structure and direction of the global economy. Higher interest rates in…