Trade tensions: Global economy stands at fragile turning point – UN

The UN Department of Economic and Social Affairs (UN DESA) has said that the global economy stands at a fragile turning point amid escalating trade tensions and growing policy uncertainties.UN DESA, in a report published on Thursday, stated that tariff-driven price pressures were adding to inflation risks, leaving trade-dependent economies particularly vulnerable.It stated that higher tariffs and shifting trade policies were threatening to disrupt global supply chains, raise production costs, a