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Trade and Development Report 2023

Trade and Development Report 2023

Growth, Debt, and Climate: Realigning the Global Financial Architecture

Format *
This report analyses current economic trends and major policy issues of international concern and makes suggestions for addressing these issues. It warns that the global economy is stalling, with growth slowing in most regions. The global economy is at a crossroads, where divergent growth paths, widening inequalities, growing market concentration and mounting debt burdens cast shadows on the future. The prospect of meeting the Sustainable Development Goals by 2030 is fading as a combination of rising interest rates, weakening currencies and slowing export growth squeezes the fiscal space needed for governments to fight climate change and provide for their people. The report calls for a change in policy direction – including by leading central banks – and accompanying institutional reforms promised during the COVID-19 crisis to avert a lost decade. It urges global financial reforms, pragmatic policies to tackle inflation, inequality and sovereign debt distress, and stronger oversight of key markets.

Details:

Agency/Department
UNCTAD/Division on Globalization and Development Strategies (DGDS)
Print ISBN
9789210029087
PDF ISBN
9789213584866
EPUB ISBN
9789213585580
Print Publication Date
PDF Publication Date
Page Count
208
Print Sales Number
23.II.D.24
Series Title
United Nations Trade and Development Report

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