Business English Reading Comprehension: The UN's Prediction for the Global Economy

📚 Important Words to Know
economic forecast — a projection of future economic conditions based on current data and analysis
global growth — the rate of increase in economic output across all countries worldwide
developing economies — countries with lower income levels and less industrialization than high-income nations
monetary tightening — central bank policies that raise interest rates or reduce money supply to control inflation
trade tensions — disputes or conflicts between countries over tariffs, trade policies, or market access
geopolitical risk — the potential for political events or conflicts between countries to disrupt economies
multilateral institution — an international organization with membership from multiple countries, such as the UN or IMF
debt sustainability — the ability of a country or entity to manage its debt without requiring external assistance
fiscal space — the capacity of a government to increase spending or reduce taxes without jeopardizing stability
scenario analysis — a process of evaluating possible future events to understand their potential impact