1、Trade and development report update April 2024UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENTGeneva,2024Trade and Development Report Update-April 2024iiTable of contentsA.Global macroeconomic outlook:Squandering good luck.1B.Monetary policy decisions in the developed world reverberate across the

2、globe.7C.International markets.131.International trade:Challenges ahead for merchandise trade after contracting in 2023.142.Sovereign debt:Developing countries faced significant net outflows and costly market access.173.Commodity markets:Despite recent declines,most prices remain significantly above

3、 pre-pandemic levels.20D.Regional developments.231.Africa:Adverse country-specific situations add to challenging external conditions 242.America:Lower growth ahead across the region.253.Asia:Robust growth across most developing Asian countries.264.Europe:The weak outlook is indicative of development

4、s in the regions major economies.285.Oceania:Low growth period extending in Australia.28REFERENCES .29Trade and Development Report Update-April 2024iiiList of table and figuresTable 1 World output growth,19912024.3Figure 1 Consumption set to outpace income again:less investment and more debt on the

5、horizon.4Figure 2 World economy to invest shrinking proportion of its income for second consecutive year.4Figure 3 Workers share of total income continues to shrink.5Figure 4 Real wages are struggling to return to their pre-pandemic trend and to keep pace with labour productivity.10Figure 5 Panama C

6、anal and Red Sea disruptions increased maritime freight rates.15Figure 6 Global trade:Merchandise remains subdued while trade in services shows more dynamism.16Figure 7 Debt crisis is draining valuable public resources from developing countries.18Figure 8 Strong bond issuance in the first quarter of