Slow growth, high debt, weak investment and the risk of fragmented trade are contributing to widespread discontent affecting developed and developing nations. Multilateral action and a revised international financial architecture are essential to address these challenges and support sustainable, inclusive growth. The global economy, strained by crises and climate change, was experiencing slow growth and weak investment, and was unable to meet development needs, said international organisation the United Nations Trade and Development (Unctad) in its 'Trade and Development Report 2024'.
