The global economy is facing an increased risk of recession due to escalating tariffs and growing trade tensions between major economies, as highlighted by deVere Group CEO Nigel Green. Recent data shows a contraction in global goods trade and deteriorating manufacturing activity, leading to downward revisions in global growth forecasts by institutions like the IMF and World Bank. Green warns of a dangerous feedback loop of trade barriers leading to slower growth, urging investors and businesses to prepare for an era of slower global growth, supply chain shifts, and increased geopolitical tension.
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Pakistan starts deporting registered Afghan refugees, says UNHCR
Pakistan has begun deporting documented Afghan refugees ahead of a September 1 deadline, potentially expelling over 1 million individuals, according to the UNHCR, which condemned the actions as violations of international obligations. The UN agency urged Pakistan to cease forced returns and adopt a humane approach, as many Afghans face instability upon repatriation amid ongoing deportations from Iran as well. Want More Context? 🔎
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