unctad: UNCTAD expects global economic growth for 2023 to slow down to 2.4%

The UN Conference on Trade and Development (UNCTAD) expects global economic growth to decelerate to 2.4% in 2023, meeting the criteria for a global recession. The report calls for a change in policy direction, including by leading central banks, to avert a lost decade. It highlights divergent post-pandemic recovery, with some economies demonstrating resilience while others face challenges.

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