UNCTAD said it expects global growth in 2023 to drop to 2.1% but only if the financial fallout from higher interest rates is contained.
U.N. trade experts warn that developing countries face years of difficulty as the global economy slows down and financial turbulence increases.
The United Nations Trade and Development Conference estimated on Wednesday that interest rates hikes will cost developing countries more than $800 billion in future lost earnings.
Minimum wage workers in the E.U. had the most purchasing power in Germany and the least in Estonia.
The South African president invoked Nelson Mandela's emphasis on global 'interdependence' and cooperation.
Billionaires' wealth 'surged' by US$2 trillion in a year, while 44% of the world population lives on less than US$6.85 a day.
The global organization forecasts some improvement in the world economy but says Trump's plans cloud the outlook.
The Trump administration's erosion of U.S. policy as Europe's main protector played out in a series of U.N. votes on Ukraine.
The coalition Merz forms will greatly influence his ability to govern the country or to strengthen multilateral institutions.
Trump's embrace of Putin and contempt for long-established transatlantic ties is an existential crisis for Europe and NATO.
More than 30 years later, Ukraine is fighting for its survival as it laments the Budapest Memorandum's broken promises.
