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UN Trade Agency Faces Major Budget Cuts Amid Growing Global Economic Strain

The United Nations Conference on Trade and Development (UNCTAD) plans to cut 70 jobs from its 500-member staff due to significant budget shortfalls projected for 2026. This move comes at a critical time when global trade is under pressure from rising tariffs, supply chain instability, and shifting geopolitical landscapes. Experts warn the cuts could weaken support for developing economies and reduce the worldu2019s capacity to respond to growing economic challenges.

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UN Trade Agency Faces Major Budget Cuts Amid Growing Global Economic Strain

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  1. UN Trade Agency Faces Budget Cuts A Global Economic Alert | June 2025

  2. 🌍 UN Trade Agency Faces Major Budget Cuts • The United Nations Conference on Trade and Development (UNCTAD) will cut 70 of its 500 staff members in 2026 due to severe budget limitations. This comes at a time of heightened economic strain, global tariff tensions, and geopolitical uncertainty.

  3. 📉 Why It Matters • - Reduced global economic guidance during a critical period. • - Threatens support for emerging economies. • - May slow down response to global supply chain and trade issues.

  4. 🌐 The Global Response • Policy makers and financial institutions express concern about weakened multilateral capabilities. Experts emphasize the growing need for professionals in economic diplomacy and sustainable trade solutions.

  5. 📚 The SIU Connection • At Swiss International University (SIU), with campuses in Zurich, Dubai, Bishkek, Luzern, Riga, and London, we are committed to equipping students with the knowledge and skills to navigate and lead in uncertain economic climates.

  6. 🔗 Learn More • #GlobalEconomy #UNCTAD #TradeDevelopment #EconomicPolicy #SIUVoices • Visit us: www.swissuniversity.com

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