Economic Crisis

The Forum, “Charting a new development course in a changing world”, will unite leaders from across countries and industries to catalyze a new course for development.

Key shipping routes in the Red Sea, Black Sea and Panama Canal are simultaneously under threat, with far-reaching implications for inflation and food and energy security.

The report quantifies GDP loss, recovery timelines and the enduring effects on poverty and household expenditure, painting a daunting picture of the development challenges ahead.

The organization warns that escalating attacks on ships in the Red Sea are adding strain to shipping routes already hit by conflict and climate change.

From analyzing the ups and downs of global trade and investment to measuring progress on the Sustainable Development Goals, these are the most-read UNCTAD stories of the year.

It emphasizes the urgent need to remove the restrictions to help provide the economic base necessary to reverse the current trend of socioeconomic deterioration in the region.

Inflation, a shrinking fiscal space, a decline in foreign aid and the build-up of debt has kept the economy of the Occupied Palestinian Territory below its 2019 pre-pandemic level.