[UNCTAD Report: Financial Volatility May Impact Global Economy and Trade] The United Nations Conference on Trade and Development (UNCTAD) released the *Trade and Development Report 2025* on December 2, predicting that global economic growth will slow to 2.6% in 2025, down from 2.9% in 2024. The report highlights that financial market volatility has an impact on global trade almost equivalent to that of real economic activity, and it affects global development prospects. UNCTAD Secretary-General Greenspan stated that the financial environment is increasingly shaping the trajectory of global trade, which involves the interconnectedness of supply chains, credit limits, payment systems, currency markets, and capital flows.