UN agency warns of recession linked to ‘imprudent’ monetary policy

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UN agency warns of recession linked to...
 © CyprusMail 2022
A United Nations agency warned on Monday of the risk of a monetary policy-induced global recession that would have especially serious consequences for developing countries and called for a new strategy.

“Excessive monetary tightening could usher in a period of stagnation and economic instability” for some countries, the United Nations Conference on Trade and Development (UNCTAD) said in a statement released alongside its annual report.

“Any belief that they (central banks) will be able to bring down...

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Article automatically added to our system on Monday, October 3, 2022

UN agency warns of recession linked to ‘imprudent’ monetary policy

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Article Tags: #agency   #warns   #recession   #linked   #imprudent   #monetary   #policy  

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