Trade tensions, policy uncertainty continue to hinder economic growth
UNITED NATIONS, May 21 (Xinhua) -- The global economy is experiencing a broad-based growth slowdown amid unresolved trade tensions, high international policy uncertainty, and softening business confidence, according to the United Nations World Economic Situation and Prospects (WESP) mid-2019 report, released Tuesday.
The growth outlook in all major developed economies and most developing regions has weakened due to a confluence of both domestic and external factors, according to the report.