A global economic slowdown occurs when economic growth declines across multiple countries, leading to lower productivity, reduced investment, and higher unemployment. Including geopolitical conflict, war trade tension and political instability. e.g. the Russia and Ukraine war, disrupt the global market, causing uncertainty in investment trade.
What policies can be implemented to stabilize global trade and reduce the impact of geopolitical conflict on the economy.?
This is where the role of the WTO is important because the economy moves when transactions occur within it, besides that, countries in conflict must be able to suppress their respective egos to reduce the negative impact of trade isolation due to conflict.
Our country has experienced a fairly drastic economic decline and our head of state, through the relevant ministers, has taken policies to expand cooperation between countries and this has helped increase our country's economy by several percent.