New Delhi, April 16 -- The world economy is heading towards a recessionary path, with global growth projected to slow to just 2.3 per cent in 2025, the United Nations Conference on Trade and Development (UNCTAD) warned in a new report released on April 16, 2025.

The report, titled Trade and Development Foresights 2025 - Under Pressure: Uncertainty Reshapes Global Economic Prospects, painted a bleak picture of mounting economic pressures. It cited escalating trade tensions, financial volatility and deepening uncertainty as key factors behind the expected slowdown.

UNCTAD noted that a late-2024 recovery in trade, partly driven by front-loaded orders, was unlikely to continue. Rising trade tensions are impacting global trade, with the trad...