Now in its sixth year, the annual Trade for Sustainable Development Forum is one of the leading global events focused on major trends in sustainable value chains and voluntary sustainability standards. Organized by the International Trade Centre (ITC), the T4SD Forum will again take place in conjunction with the WTO Public Forum, from 7-9 October.
“We envisage a slowdown in the global economy to under two per cent for this year, and that will probably cost in the order of $1 trillion, compared with what people were forecasting back in September,” said Richard Kozul-Wright, Director, Division on Globalization and Development Strategies at.Launching the UNCTAD report as world financial markets tumbled over concerns about supply-chain interruptions from China, and oil price uncertainty among major producers, Mr. Kozul-Wright warned that few countries were likely to be left unscathed by the outbreak’s financial ramifications. The outbreak could cost the global economy up to $2 trillion this year. Is calling on governments to take urgent steps to reduce the economic impact.