GENEVA: Monetary policy moves in advanced economies risk pushing the world towards global recession and prolonged stagnation, inflicting worse damage than the 2008 financial crisis and the Covid-19 shock, the UN Conference on Trade and Development (UNCTAD) said on Monday, reported Xinhua.Rapid interest rate increases and fiscal tightening in advanced economies, combined with the crises resulting from the Covid-19 pandemic and the Ukraine conflict, have already turned a global slowdown into a downturn with the desired soft landing looking unlikely, said a UNCTAD report titled “Trade and Development Report 2022”.In a decade of ultra-low interest rates, central banks consistently fell short of
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