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Global financial system must adapt to better serve economy, UN trade agency says
Yahoo Finance· 2025-12-02 17:32
LONDON, Dec 2 (Reuters) - The financial system risks undermining global trade if it fails to adapt to the economy's needs, with developing countries likely to suffer the most, the UN Trade and Development Agency said on Tuesday. A UNCTAD report presented in London said shifts in financial markets now drive global trade almost as much as real economic activity, with financial conditions increasingly determining global trade flows and shaping development prospects worldwide. "Trade is not just a chain o ...