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Consumer inflation expectations are shaped by multiple factors—food and energy inflation remain crucial drivers, with persistent and large surges significantly shaping household expectations of inflation across countries.
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Department of Economic and Social Affairs
Economic Analysis
Last month, UN DESA’s Economic Analysis and Policy Division hosted the fourth session of its Development Policy Seminar Series on the World Economic Situation and Prospects. The Seminar examined inflation dynamics in the post-pandemic era in South Africa and Türkiye with a view to discussing lessons learned from these episodes.
The global economy is expected to experience subdued growth in the coming months amid a challenging trade environment and heightened macroeconomic uncertainties. The world economy is projected to grow by 2.5 per cent in both 2025 and 2026 — below the 2.8 per cent recorded in 2024 and the pre-pandemic average of 3.2 per cent (2010–2019).
In a reversal of a decades-long trend, central banks in many developing and some developed countries have increased their gold purchases over the past several years. The purpose of this policy is to enhance the diversity and stability of reserves: the share of the United States dollar in the international reserves of many central banks has been declining.
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Consumer inflation expectations are shaped by multiple factors—food and energy inflation remain crucial drivers, with persistent and large surges significantly shaping household expectations of inflation across countries.
The global economy is expected to experience subdued growth in the coming months amid a challenging trade environment and heightened macroeconomic uncertainties. The world economy is projected to grow by 2.5 per cent in both 2025 and 2026 — below the 2.8 per cent recorded in 2024 and the pre-pandemic average of 3.2 per cent (2010–2019).
In a reversal of a decades-long trend, central banks in many developing and some developed countries have increased their gold purchases over the past several years. The purpose of this policy is to enhance the diversity and stability of reserves: the share of the United States dollar in the international reserves of many central banks has been declining.
The U.S. Government’s latest trade policy seeks to address its widening trade deficit, which has recently reached a historic annual high. Persistent trade deficits over the past decades, along with the resulting accumulation of external liabilities to finance them, have long been viewed as a key component of global imbalances.
