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UN urges policy overhaul amid economic slowdown

The UN called Wednesday for radical policy overhauls to fix a stuttering global economy, warning that low growth, joblessness and soaring inequality were spawning dangerous political populism. “The world economy in 2016 is in a fragile state,” the United Nations Conference on Trade and Development (UNCTAD) said in a report which predicted global growth would slip to 2.3 percent this year, down from 2.5 percent in 2014 and 2015. “Policymakers all around the world face a difficult combination of sluggish investment, productivity slowdowns, stagnant trade, rising inequality and mounting levels of debt,” UNCTAD chief Mukhisa Kituyi said.

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