By Olivia Le Poidevin

GENEVA (Reuters) -Small and medium-sized businesses and developing economies are likely to be at particular risk of a slowdown in investment due to ongoing tariff uncertainty, the Secretary-General of the UN Trade and Development Agency told Reuters on Monday.

“We fear that there will be more lagging numbers in terms of investment,” UNCTAD’s Rebeca Grynspan said in an interview at her office in Geneva.

“We fear small and medium-sized businesses will be affected everywhere, but also small countries that depend much more on trade and investment to really seek growth.”

While AI has driven trade and investment this year, she said, it remains concentrated and excludes small countries with developing economies.

A UNCTAD report in July found that global foreign direct i

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