UNCTAD: Global Trade to Slow in 2026 as Africa, Emerging Economies Drive Growth

The latest report from the United Nations Conference on Trade and Development (UNCTAD) predicts a moderation in global trade growth in 2026, attributed to weaker global economic expansion and escalating geopolitical tensions. Despite a positive outlook for near-term performance, the report highlights challenges such as trade friction, higher logistics costs, and policy uncertainties.

Africa and emerging economies are expected to lead growth, with a focus on open cross-border investment to support intra-regional trade. Nigeria's total trade is also mentioned in the context of merchandise trade growth.

UNCTAD remains cautiously optimistic about the global trade landscape in 2026.