un trade agency – BOL News Staging

Global trade to increase 23% in 2021: UNCTAD

December 1, 2021 by Roman Ahmed

UNITED NATIONS: Global trade will reach about $28 trillion this year, an increase of 23 per cent on 2020 levels, after stabilising in the second half of the year, according to the United Nations Conference on Trade and Development (UNCTAD) forecast. The UN trade agency noted that the outlook for 2022 is “very uncertain”. In … Read more

COVID-19 likely to cost economy $1 trillion during 2020: UN trade agency

March 10, 2020March 10, 2020 by Atta Ur Rehman Khan

UN economists have warned that the deadly coronavirus epidemic could cost the global economy $1.0 trillion this year and called on governments to ramp up spending to mitigate its impact. Richard Kozul-Wright, Director, Division on Globalization and Development Strategies at UNCTAD said, “We envisage a slowdown in the global economy to under two per cent for this … Read more

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