The UN expects a slowdown in global economic growth.

UN GDP Forecast

The United Nations has reported a growth forecast for the world's GDP of 2.4% this year, which is 0.5% lower than last year. This is due to a deterioration in global trade and instability in financial markets.

It was noted that trade conflicts, particularly due to new tariffs, are leading to rising prices and inflation risks, especially for countries dependent on exports. Macroeconomic management is also complicated by rising public debt and volatility in financial markets, which limits governments' ability to respond to economic problems.

'Under these conditions, forecasts for the US have been revised down from 2.7% to 1.8%, and for China from 4.6% to 4%,' quoted Ukrinform the words of the director of the UN Department of Economic Analysis and Policy.

This year, Russia is also expecting a significant GDP increase of only 1.5%, which can be attributed to various factors such as labor shortages, monetary policy, and sanctions.

It is noted that the economic outlook for CIS countries depends on a number of key factors, including the conflict in Ukraine, sanctions against Russia, energy prices, and the economic situation in China.

The UN is paying particular attention to Ukraine, which continues to depend on the security situation, the operation of the Black Sea corridor, and international financial assistance. According to estimates in the report, it will take 524 billion dollars for the recovery of the Ukrainian economy after the war, which was also announced by the World Bank in February of this year.

Analyzing the provided data, it can be concluded that the global economy is experiencing a difficult period due to the escalation of trade relations and financial difficulties. Regular conflicts in global trade and other negative factors create instability in the global market and may adversely affect the further development of various countries' economies. It is essential for governments to find effective solutions to counter these challenges and have the ability to respond promptly to economic difficulties to ensure stable development.