New Delhi, March 15 -- Global economic activity is expected to maintain modest momentum in 2025 but international trade faces significant uncertainty with factors such as a shift in US trade policies, global trade imbalances and geopolitical challenges negatively impacting trade growth, UN Trade and Development (UNCTAD) has said in its latest Global Trade Update.
"Moreover, the possibility of trade policy escalations casts a shadow of uncertainty over the global trade outlook for 2025," it said.
The report said that the expected easing in global inflation and China's economic stimulus for 2025 - with a growth target of about 5 percent- may provide some tailwind to global trade.
The Global Trade Update noted the growing trend in the imple...