Its annual economic forecast, the “World Economic Situation and Prospects, released late-Monday, the United Nations (UN) noted that it sees the global economy to grow 3.0% this year and in 2020, slightly below a 3.1% expansion in 2018.
Key Comments from Richard Kozul-Wright, Head of Globalization and Development Strategies at the UN economic agency UNCTAD.
“There are plenty of yellow lights flashing and some of those yellow lights are almost certainly likely to turn red over the coming year, with very unpredictable consequences.”
“Growth is fragile, huge uncertainties remain, risks are looming. We have not broken away from the legacy of the financial crisis of 2008-2009. We are still in a new abnormal.”
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