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UNCTAD’s Trade and Development Report 2022

Published on October 04, 2022
Current Context: The United Nations Conference on Trade and Development (UNCTAD) released its, “Trade and Development Report 2022”.
UNCTAD’s Trade and Development Report 2022
  • According to the UN report, the world economy will grow by 2.6% in 2022 and is expected to further dip in 2023 to 2.2%.
  • The report warned that the global slowdown has started to slowly transform itself into a global economic downturn.
  • The main reason for this downturn has been attributed to:
  1. Rapidly increasing interest rates in the advanced economies
  2. Russia-Ukraine War
  • As far as the Indian economy is concerned, the report suggests growth of:
  1. 5.7% in 2022
  2. 4.7% in 2023
  • UNCTAD is an intergovernmental organization and is a part of the UN Secretariat. It was established in 1964 with its headquarters in Geneva, Switzerland. The current Secretary General of the UNCTAD is Rebeca Grynspan.


Q.1 According to the UNCTAD’s, “Trade and Development Report 2022”, the growth rate of India for 2022 will be?
a. 4.7%
b. 5.7%
c. 6.7%
d. 7.7%
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