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  • Trade tensions essentially a political problem, says UN Chief

    Published on January 25, 2019

    United Nation’s head Antonio Guterres has said that trade tensions impacting the world economy are essentially a political problem and warned that a fragmented response to global challenges is a recipe for disaster.

    In a special address at the World Economic Forum Annual Meeting 2019 in Davos today, he also said the world is facing challenges that are more and more interlinked but the responses are fragmented. If this is not reversed, it’s a recipe for disaster, said Guterres.

    Looking at the global economy, we are now growing still with a relatively acceptable GDP growth, but slowing down, and everybody agrees that there are dark clouds in the horizon and there are risks, he noted.

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