Page 14 - Policy Economic Report - April 2025

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Figure 8: Monthly exports of goods by trading partner groups, USD bn, Dec 2015 – Nov 2024

Source- UNCTAD

Policy priorities for building resilience
With trade tensions rising and global growth slowing, the key risks of economic fragmentation and
geoeconomic confrontation exist, and requires polices for building resilience.

• Strengthening regional and international policy coordination to restore predictability in trade and
financial flows.

• Enhancing multilateral cooperation to stabilize markets and protect vulnerable economies.

• Building on existing trade and economic links between developing countries as a pathway to
resilience and a buffer against global shocks.

• Rebalancing of fiscal priorities, shifting away from surging military spending towards sustainable
infrastructure, social protection, and climate action.

• Aligning fiscal, monetary, and industrial policies with long-term development goals.

4. Escalating tariffs: the impact on small and vulnerable economies- UN

In a new report released on 14 April, 2025, UN Trade and Development (UNCTAD) is amping up calls that
the poorest and most vulnerable economies be exempt from “reciprocal tariffs”.

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