Trade and Development Report Update (April 2023)

This Trade and Development Report Update warns that developing countries are facing years of difficulty as the global economy slows down amid heightened financial turbulence.

Key points:

  • Global growth expected to be lower than earlier projected, signalling potential economic downturn.
  • Developing countries face mounting debt and insufficient international support, risking another lost decade.
  • Banking crisis highlights long-neglected financial fragilities and regulatory weaknesses.
  • Declining energy costs lead to lower inflation, but elevated food prices maintain high cost of living in many developing countries.
  • Growing global asymmetries threaten developing countries' resilience, requiring stronger multilateral action and an urgent focus on sovereign debt architecture.


Trade and Development Report 2022


12 Apr 2023