The United Nations predicts a slowdown in global growth.

VTV.vn - The United Nations forecasts that the global economy will only grow by 2.6% this year due to financial fluctuations, geopolitical instability and climate risks, while the OECD also lowered its forecast to 2.9%.

Illustrative photo. (Photo: THX/TTXVN)

Global economic growth is expected to slow to 2.6% this year, as financial volatility and geopolitical uncertainty weigh on global trade and investment, according to the Trade and Development Report 2025 recently released by the United Nations Conference on Trade and Development (UNCTAD).

According to the report, fluctuations in financial markets have a significant impact on the global economic development outlook, despite positive momentum from new technologies such as artificial intelligence (AI).

UNCTAD also warned of increased financial risks due to the impact of climate change, especially for developing countries.

Besides the United Nations report, the Organization for Economic Cooperation and Development (OECD) yesterday (December 2) also lowered its global growth forecast to 2.9%.

UNCTAD Secretary-General Rebeca Grynspan said the figures showed that financial conditions increasingly determined the direction of global trade.

“Trade is not just about supply chains, but also about credit flows, payment systems, money markets and capital flows,” she stressed.

Ms. Grynspan noted that the financial and trade systems are so closely linked that any volatility or instability in the markets has a strong impact on global trade.

The report also highlights that more than 90% of global trade relies on bank financing, with USD liquidity and cross-border payment systems essential. This makes trade closely linked to global financial and monetary conditions; any change in interest rates or investor sentiment in a major financial center can impact trade volumes worldwide .

Source: https://vtv.vn/lien-hop-quoc-du-bao-tang-truong-toan-cau-chung-lai-100251203153944994.htm