The UNCTAD has stated that the world would see a global recession and prolonged stagnation if fiscal and monetary policies holding sway in some advanced economies were not quickly changed. UNCTAD is warning that the policy-induced global recession could be worse than the global financial crisis of 2007 to 2009. The agency also warned that excessive monetary tightening and inadequate financial support could expose developing world economies further to cascading crises.Powered by Commodity Insights
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