UN Report Launched with Vatican
by Greg Williams
A report released from a UN group calls the global economy "fragile" and urges action on trade, tax and debt policies to improve economic growth. The United Nations Conference on Trade and Development's (UNCTAD) annual "Trade and Development Report" notes rising debt and inequality levels. The report warns that current economic challenges may be more difficult to manage than the 2008 global financial crisis.
"It's clear that economic growth and global inequality are impacted by debt, tax and trade policies," noted Eric LeCompte, the executive director of the religious development coalition Jubilee USA. LeCompte serves on UN experts groups on debt and development. "This report reminds us that we need to learn from the last global financial crisis if we are going to stop the next crisis."