The United Nations Conference said the United Nations Conference on Trade and Development said that global cooperation and balanced policies are important for preventing economic fragmentation and safety of long -term development.
While China’s stimulation measures and some areas are likely to support low inflation trade, policies shifting policies in protectionism and major economies remain a significant risk, UNCTAD said in its latest update on global trade covering data in early March.
The challenge in 2025 will be to prevent global fragmentation – where nations create separate trade blocks – while managing policy changes without reducing development for a long time. The action taken by governments and businesses will shape business flexibility for the coming years, it has been said how the attempt to move protectionism and business strategies can disrupt global trade.
To speed up the face of mutual tariffs proposed by the US is also coming in the form of tariff wars, the report stated that the world trade saw a record expansion up to $ 33 trillion in 2024. The growth of 3.7% compared to 2023 was inspired by the trade of economies and strong services. However, looking forward, including new risks, trading imbalances, developed policies and geopolitical stresses.
Governments expanding tariffs, subsidies and industrial policies are re -shaping trade flow. The US, the European Union and other economic security and climatic goals are rapidly tied up business measures, while China is using excitement policies to maintain export speed. Such policy recurrence is contributing to uncertainty. Increased protectionism or policies that favor domestic industries through tariffs or restrictions, especially in advanced economies, are triggering counterfeit measures from business partners and connecting business obstacles.
UNCTAD stated that shipping trends indicate a recession, indicating weak industrial activity of falling freight, especially in supply chain-free areas, UNCTAD.
Published – March 14, 2025 09:26 pm IST