
UNCTAD warns trade tensions may cause global recession next year
The U.N. agency also cited currency and debt as factors contributing to the warning signs of a global recession in 2020.
Formerly known as UNCTAD, the U.N. agency says it aims to support developing countries in accessing the benefits of a globalized economy more fairly and effectively and in dealing with the potential drawbacks of greater economic integration. It provides analysis, facilitates consensus-building, and offers technical assistance to help nations use trade, investment, finance, and technology as vehicles for inclusive and sustainable development.
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The U.N. agency also cited currency and debt as factors contributing to the warning signs of a global recession in 2020.
UNCTAD is looking at how to solve the climate crisis, particularly how sea level rise impacts small island nations.
Finance leaders projected moderate global growth and recovery but warned of risks from a prolonged trade war.
Businesses and consumers are subject to 'a patchwork of rules' from bilateral and regional trade agreements.
The International Maritime Organization requires industry upgrades and streamlining electronic information exchanges.
The biggest beneficiaries are likely to be the E.U., Mexico, Japan, Canada, South Korea, India, Australia and Brazil.
International organizations said the tit-for-tat tariffs will undercut a broad array of global development efforts.
A report shows continued but slowing recovery from the crisis that began in 2008 and almost toppled the financial system.
A summit with the U.S. could expand North Korea's little-known involvement with international organizations.
A new U.N. report sees growing economic benefits for Africa from more people moving to and within the continent.