According to the latest U.N. Trade and Development Report, global economic sentiment remains negative. Output growth is still slowing, and the dominant trend is prolonged uncertainty as economies struggle to adjust to shifting external conditions. The report warns that global growth shows no sign of a quick recovery, and in fact the slowdown will likely erase part of 2025’s early momentum, when imports spiked in anticipation of new tariffs. It also underscores a widening gap between global trade and global finance, a sign of deeper structural imbalances.