UN warns: Exports will fall, food and energy prices will rise

In UNCTAD’s 2022 statistics booklet, global economic data for this year is compared with that for 2021.

In the brochure, the world real GDP growth rate was stated to be 5.7 percent in 2021, and the rate was estimated to decline to 3.3 percent this year.

EXPORTS WILL BE PARALIZED

The brochure also shared the prediction that global trade in goods and services has slowed this year and that exports will nearly halve by the end of the year.

In addition, it was noted that inflation increased throughout the year, especially in Africa, and the rate of increase in food and energy prices, which increased by 55 percent last year, is expected to increase this year.

The brochure states that the trade surplus rate has increased in developing countries, especially in Africa, and as a result, the trade deficit in these countries has increased.

SERVICE TO 46 COUNTRIES

In the brochure, which states that the GDP growth rate in the 46 least developed countries was 2 percent in 2021, below global figures, it was noted that it fell short of the 7 percent target of the Development Agenda. Sustainable Development 2030 of the UN.

Emphasizing that the global dependency ratio has increased with the world population reaching 8 billion, it has been reported that there are 54 child or elderly dependents for every 100 working people. (AA)