Global recession a serious danger in 2020, UN warns

Report calls on policymakers to ward off threat by refocusing on jobs, wages and investment

Weaker growth in both advanced and developing countries means the possibility of a global recession in 2020 is a clear and present danger, the UN has warned.

In a flagship report, the UN's trade and development body, Unctad, said 2019 will endure the weakest expansion in a decade and there was a risk of the slowdown turning into outright contraction next year.