GENEVA, April 16 (Xinhua) -- The world economy is on a recessionary trajectory, with global growth expected to slow to 2.3 percent in 2025 due to rising trade tensions and uncertainty, the United Nations Trade and Development (UNCTAD) said in a report released on Wednesday.
In its Trade and Development Foresights 2025 report, UNCTAD said that rising trade tensions are impacting global trade, adding that trade policy uncertainty is at a historical high, leading to delayed investment decisions and reduced hiring.
