UNCTAD
In March 2022, UN Secretary-General António Guterres established the UN Global Crisis Response Group on Food, Energy and Finance (GCRG) to respond to the unprecedented interconnected food, energy and finance crises in the world. Inflation, food insecurity, soaring energy and food prices, supply chain disruptions and mounting debt are among the pressing challenges added to […]
Last year, difficult global crises re-appeared. The war in Ukraine, climate disasters, and the rising cost of living put to a stop the fragile post-COVID recovery witnessed in 2021. Food and energy prices skyrocketed to historic heights, increasing poverty and food insecurity to alarming levels. Rising interest rates worsened debt burdens, inviting capital flight and […]
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Projecting global growth slowing to 2.2% in 2023, UNCTAD outlines actions to avert crisis and support developing countries exposed to cascading crises of debt, health and climate due to inadequate financial support. Monetary and fiscal policy moves in advanced economies risk pushing the world towards global recession and prolonged stagnation, inflicting worse damage than the […]
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