The Trade and Development Report 2024 forecasts global growth in gross domestic product of 2.7 per cent for 2024 and 2025, marking three consecutive years below the 3 per cent pre-pandemic growth trend. Regionally, South Asia displays the most dynamic growth. The three major powers of the global economy - China, the United States of America and the European Union - are on decelerating or weakened growth trajectories. Despite the context of a turbocharged technological revolution, the much-needed acceleration in economic activity to achieve the Sustainable Development Goals remains elusive for many countries in the global South trapped by a confluence of high debt burdens, financial and resource outflows, weak investment and enforced austerity. Only 1 of the 46 least developed countries is currently meeting the promise of a 7 per cent annual growth target under the global Goals.

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Bibliographic Details

Title: Trade and Development Report 2024
Publisher: United Nations, US
Publication Date: 2025
Language: English
ISBN 10: 9210032659
ISBN 13: 9789210032650
Binding: Paperback
Condition: New
Weight: 1230 grams

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