Answer: United Nations Conference on Trade and Development (UNCTAD)
Notes: The United Nations Conference on Trade and Development (UNCTAD) warned that the world economy is heading towards recession. Its report, Trade and Development Foresights 2025, highlighted growing trade tensions, financial instability, and uncertainty as key causes of the slowdown. The report titled "Trade and Development Foresights 2025: Under pressure – uncertainty reshapes global economic prospects" was released by the UN Trade and Development (UNCTAD). The report predicts a global growth slowdown to 2.3% in 2025, indicating a potential recessionary path for the world economy. Rising tariffs are disrupting supply chains and increasing unpredictability in trade. This uncertainty has delayed investments and reduced job creation. UNCTAD called for strong international cooperation and better coordination of economic policies to protect development goals.
