UNCTAD’s Trade and Development Report 2022

UNCTAD’s Trade and Development Report 2022 sends a clear message.

The world is headed towards a recession, unless we quickly change the current policy course.

Supply-side shocks, weakening consumer and investor confidence and the war in Ukraine have provoked a global slowdown and triggered inflationary pressures.

UNCTAD projects global growth will drop to 2.2% next year.

Yet leading central banks are raising interest rates sharply, threatening to cut growth further. And making life much harder for indebted firms, households and governments.

All regions are affected, but developing countries are most exposed; 60% of low-income countries are in or near debt distress.

To help, international financial institutions need to urgently increase liquidity and extend real debt relief.

Advanced economies should limit monetary tightening.

Global efforts should focus on bringing down the price of food, energy and fertilizers.

Governments can boost support to vulnerable groups by using targeted price controls, taxing excessive corporate profits and investing more in social services and protection.

There’s still time to avert a recession. It’s a matter of policy choices. And political will.

Explore all the action points in the report:

#DevelopmentMatters

[shenaniganskywalker]

Jack those interest rates up above 30% and let the dominos fall where they will. Better than hyperinflation.

[الماليةالعامةوالضرائب]

Pixelation staycation is ventilation stage relation stage creation will not take place in Europe or USA

[Ampritale]

Yeah let's print infinite money to make everybody rich and live in a paradise !

[frankanderson]

Let inflation continue to rage out of control and see who is hurt the most!

[questioneverything]

When advanced countries middle class start to go broke because of inflation you need to eliminate inflation, or there will be no money left to offer for help. Interest rates 15% now!

[eugenec]

Using a currency printer going brrrr as part of a solution is just sad because it indicates the authors don't understand that currency debasement has always lead to inflation causing eventual currency collapse with a lot of pain for the poor and middle class along the way. Was true for the Roman empire and every empire/government since.

Print too much of any fiat currency (US dollar, Euro, Yen, GB pound, etcetera) and its value will go to zero
I own a 100, 000, 000, 000, 000 dollar (100 Trillion) Zimbabwe currency note I bought for $20 US dollars as a collectors item as a personal reminder.

Siri Lanka was just the first domino to fall.

[carlitobtc]

Lol... very nice the video, but your boss and patron will never do that....

[LokiBeckonswow]

awww so sad, we broke the planet and now it's fractured, awww so sad, guess we'll turn the printers back on to make things not so sad anymore, oh and by the way, have you heard of cbdcs? like, wow right? shiny right?

#dyor #wagmi