With reference to the Trade and Development Report (TDR) 2026, consider the following statements -
- The Trade and Development Report is published annually by the United Nations Conference on Trade and Development (UNCTAD).
- Global trade reached a record $35 trillion in 2025, driven primarily by artificial intelligence products.
- Global economic growth is projected to slow to 2.6% in 2026, while developing economies are projected to grow at 4%.
- Asia is projected to contribute approximately 59% of global growth in 2026.
Which of the statements given above is/are correct?
Explanation - First launched in 1981, it is issued every year by the UN Trade and Development (UNCTAD). The report analyses current economic trends and major policy issues of international concern and makes suggestions for addressing these issues at various levels. TDR 2026 Highlights — Global trade is projected to grow by 4% in 2026, slower than the previous year’s 4%, but well above what was anticipated when the conflict in the Middle East began. Global trade reached a record $35 trillion in 2025. The report indicates higher trade values resulting from energy price increases and export controls. While trade between China and the US has fallen by more than 20% since 2024, East Asia has expanded trade with both China and North America. Developing economies, particularly India, are expected to drive notable growth despite overall global economic slowdowns. Global economic growth will likely slow to 2.6% in 2026, down from 2.9% last year, but developing economies are projected to grow 4% this year, down from 4.7% in 2025. Asia is projected to contribute 59% of global growth in 2026. The report showed that governments increasingly use industrial, trade, financial, and technology policies to pursue economic and national security objectives. Artificial intelligence products, comprising advanced computing equipment deployed primarily in new data centres, have become the main driver of merchandise trade; 82% of value added accrues to four supplier segments in this category.
Explanation - First launched in 1981, it is issued every year by the UN Trade and Development (UNCTAD). The report analyses current economic trends and major policy issues of international concern and makes suggestions for addressing these issues at various levels. TDR 2026 Highlights — Global trade is projected to grow by 4% in 2026, slower than the previous year’s 4%, but well above what was anticipated when the conflict in the Middle East began. Global trade reached a record $35 trillion in 2025. The report indicates higher trade values resulting from energy price increases and export controls. While trade between China and the US has fallen by more than 20% since 2024, East Asia has expanded trade with both China and North America. Developing economies, particularly India, are expected to drive notable growth despite overall global economic slowdowns. Global economic growth will likely slow to 2.6% in 2026, down from 2.9% last year, but developing economies are projected to grow 4% this year, down from 4.7% in 2025. Asia is projected to contribute 59% of global growth in 2026. The report showed that governments increasingly use industrial, trade, financial, and technology policies to pursue economic and national security objectives. Artificial intelligence products, comprising advanced computing equipment deployed primarily in new data centres, have become the main driver of merchandise trade; 82% of value added accrues to four supplier segments in this category.