GENEVA (AN) — The U.N. Conference on Trade and Development cautioned on Thursday that there is "a clear and present danger" of a global recession in 2020 due to trade tensions, corporate debt and weaker growth among both industrialized and developing nations.
The United Nations agency described its flagship Trade and Development Report for 2019 as a set of warning lights flashing around trade tensions, currency movements, corporate debt, a no-deal Brexit and inverted yield curves. It said there was little sign that policy makers are prepared for the economic storm ahead.
