United Nations Information Centre

cordially invites you to the

Media Launch

of

UNCTAD’s

TRADE & DEVELOPMENT REPORT - 2016

Structural transformation for inclusive and sustained growth

at 10:30 a.m. on Wednesday, 21 September 2016

UN Conference Hall

55 Lodi Estate, New Delhi-110003

The Report will be presented to the press by

Dr. Jayati Ghosh

Professor of Economics, Jawaharlal Nehru University

Getting the world economy back on track requires that global leaders use bolder macroeconomic policies, strengthened regulation of finance and active industrial policies according to the United Nations Conference on Trade and Development (UNCTAD).  In its annual Trade and Development Report, the United Nations body argues that economic slowdown in the advanced economies is the biggest drag on global growth, but developing countries are now caught in the downdraft.  It warns that developing countries have become increasingly vulnerable to volatile global financial markets, including speculative and sizeable capital flows, and that financial deregulation in emerging economies is beginning to see corporations reduce their profit-to-investment ratios, with negative consequences for long-term economic growth. TDR-2016 warns that despite a respite in the second quarter of 2016, deflationary spirals remain a risk: capital flight, currency devaluations and collapsing asset prices could stymie growth and shrink government revenues. Several commodity exporters are already facing debt distress, and without more orderly workout procedures in place, worse could follow.

RSVP: unic.india@unic.org; Phone: 46532242