UN trade body warns of further economic slowdown this year

UN trade body warns of further economic slowdown this year

© Reuters. FILE PHOTO: A fisherman prepares to cast his fishing net in the waters of the Vembanad lake as a container ship is seen docked in the background, at a port in Vallarpadam, in the southern Indian city of Kochi February 11, 2014. REUTERS/Sivaram V/File Photo

The prospect of interest rate cuts may ease budget pressure on governments and business but cannot alone solve challenges from sovereign debt to growing inequality and climate change, said the United Nations Conference on Trade and Development.

The body called for multilateral strategies to revive investment and trade, support full employment and fair income distribution, saying they were crucial to driving robust growth.

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