This estimate published by the United Nations Agency is usually less than 2.5 percent limit, which is usually considered as a sign of global mandi.
In this analysis, rising uncertainty in touching policies, financial fluctuations and business policies has been considered as a major risk for the economy.
The rise of trade tensions also influenced the global trade and there has been a barrier to the chain provided by the recently imposed import duty (tariff) and it is proved difficult to gain business trends.
“The uncertainty of business policy is at the top of its historic tihassic top, and because of this, the decisions of these investments are already causing delay and less appointment.”
Each country is damaged
Each country will be affected at the transparent pace of the economy, though the UN agency has expressed concern for developing countries, especially through the sensitive economic situation.
Many younger countries are facing a devastating financial situation, the burden of the debt and the burden of weak domestic progress is increasing.
UNCTAD believes that economic progress in the United States is likely to have severe decrease and it can only be reduced to one percent.
The main reason for this is the ethical uncertainty, which has been worse than the announcement of trade and import duty in recent times.
In Canada, economic growth is likely to be open, where only it is expected to increase by 5.7 percent. According to the report, at the end of this year, the risk of occupation of North America has increased significantly.
Mixed pictures for Asia, Africa
UNCTAD estimates that the economic progress in South Asia region is estimated to be 5..6 percent in 2021. Due to the decrease in inflation, there is a possibility of some relief in financial policy.
However, the price of food items is likely to rise. At the same time, the economy of Bangladesh, Pakistan and Sri Lanka will be affected by the complexities around Loan.
The rate of economic progress in India is estimated to be .5.5 percent this year, one of which is the power of public expenditure and relief in financial policy.
For the first time in the last five years, the central bank of India has reduced the interest rate of 25 basic points in February, which will support home and family use and encourage private investment plans.
On the other hand, the economic progress of Africa can be up to 3.6 percent this year. However, in the three major economies, in South Africa, Nigeria and Egypt, the situation is better and a mixed picture of the current challenges is visible. These three economies are about 50 percent of the total economic production in the African region.
South-south trade
According to UNCTAD analysis, the situation is not so bad in developing countries-south-south trade-in the progress of trade.
Trade between these countries is about one third of the total global trade and it creates new opportunities for many developing countries.
The UN agency has emphasized the growing tension in the business world and laziness in economic progress. Also, policy adjustments should be noted at the regional and global level.