UNCTAD Calls for Course Correction to Avert Global Recession and Stagnation

Media Alert
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UNCTAD Calls for Course Correction to Avert Global Recession and Stagnation

The contents of this media alert and the related report must not be quoted or summarized in the print, broadcast or electronic media before

3 October 2022, 3:00 pm GMT

(11:00 am New York, 5:00 pm Geneva, 8:30 pm New Delhi)

Geneva, Switzerland, 30 September 2022

The United Nations Conference on Trade and Development (UNCTAD) Trade and Development Report 2022 outlines policy actions to avert economic crisis and strengthen support to developing countries. UNCTAD economists analyze the state of the global economy and project lower growth over the next two years.

Advanced economies need to change course in their monetary and fiscal policies to avoid inflicting worse damage than the financial crisis in 2008 and the COVID-19 shock in 2020. The cascading crises resulting from the pandemic combined with debt distress, inflation, climate change and the war in Ukraine have already turned a global slowdown into a downturn.

The report also covers the economic and development outlook in each developing region.



UNCTAD is the UN’s leading institution dealing with trade and development. It is a permanent intergovernmental body established by the United Nations General Assembly in 1964.

UNCTAD is part of the UN Secretariat and has a membership of 195 countries, one of the largest in the UN system. UNCTAD supports developing countries to access the benefits of a globalized economy more fairly and effectively.

We provide economic and trade analysis, facilitate consensus-building and offer technical assistance to help developing countries use trade, investment, finance and technology for inclusive and sustainable development.


Journalists with access to the UNCTAD virtual newsroom may download the full text of the study as well as the press release.

Access to the virtual newsroom requires a password. To obtain one, please fill out the online form.

After the lifting of the embargo, documents related to the report will be available on the main UNCTAD website.

For further information or to request interviews with UNCTAD experts, please contact UNCTAD Communications and Information Unit, Catherine Huissoud, +41 22 917 5549, +41 79 502 43 11, or,