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Search resuls for: "UN's Trade"


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Prepare for "stalling and divergent" global growth next year, according to a new forecast issued by the United Nations. Global economic growth will rise slightly, from 2.4% in 2023 to 2.5% in 2024, according to the UN's Trade and Development Report, but the world economy is in a precarious position, Richard Kozul-Wright, UNCTAD, Director, Division on Globalization and Development Strategies Division, tells CNBC. "The global economy is pretty weak and I consider the projection to be an optimistic call," he said. Even with these concerns, he noted that the U.S. economy continues to be the best-performing amongst the developing countries. "I know there are growing voices of the 'R word' for the U.S. next year, but we are not saying recession yet.
Persons: Richard Kozul, Wright Organizations: United Nations, UN's Trade, Wright, UNCTAD, Globalization, CNBC, UN, UAW, U.S Locations: U.S
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