
UNCTAD warns of 2020 global recession
UNCTAD cautioned there is "a clear and present danger" of a global recession in 2020 due to trade tensions, corporate debt and weaker growth worldwide.
Formerly known as UNCTAD, the U.N. agency says it aims to support developing countries in accessing the benefits of a globalized economy more fairly and effectively and in dealing with the potential drawbacks of greater economic integration. It provides analysis, facilitates consensus-building, and offers technical assistance to help nations use trade, investment, finance, and technology as vehicles for inclusive and sustainable development.
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UNCTAD cautioned there is "a clear and present danger" of a global recession in 2020 due to trade tensions, corporate debt and weaker growth worldwide.
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