Trade tensions threaten world economic activity: UN

Trade tensions threaten world economic activity: UN
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The UN has warned that global trade tensions may lead to a sharp slowdown to world economic activity .

In a statement, the UN Undersecretary-General for Economic and Social Affairs Liu Zhenmin has said that global trade tensions continue to escalate.

He also warned that financial vulnerabilities have been rising in many developing countries and this is exposing them to exchange rate pressures, increased financial volatility and sudden capital withdrawal.

 

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