The United Nations Conference on Trade and Development (UNCTAD) Trade and Development Report 2022 outlines policy actions to avert economic crisis and strengthen support to developing countries. UNCTAD economists analyze the state of the global economy and project lower growth over the next two years.
Advanced economies need to change course in their monetary and fiscal policies to avoid inflicting worse damage than the financial crisis in 2008 and the COVID-19 shock in 2020. The cascading crises resulting from the pandemic combined with debt distress, inflation, climate change and the war in Ukraine have already turned a global slowdown into a downturn.
The report also covers the economic and development outlook in each developing region.
