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Sustainable trade

World economic situation and prospects 2020

Published 01 March 2020 | 1 minute read

The report warns that economic risks remain strong, aggravated by deepening political polarization and increasing skepticism about the benefits of multilateralism.

These risks could inflict severe and long-standing damage on development prospects. They also threaten to encourage a further rise in inward-looking policies at a point when global cooperation is paramount. Climate disruption also poses a serious and growing threat to short-and long-term economic prospects.

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UNCTAD is a permanent intergovernmental body established by the United Nations General Assembly in 1964. Their headquarters are located in Geneva, Switzerland, and they have offices in New York and Addis Ababa.

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