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Russian Federation commits to halving poverty by 2024 China turns to pro-growth measures to mitigate the impact of the trade disputes Fiscal pressures creating significant policy challenges in Latin America English: PDF (176 kb) Global issues Institutional change and the dynamics of inequality in Eastern Europe and the Commonwealth of Independent States Reducing inequality and accelerating growth of median incomes remain crucial challenges in the majority of countries across the world in order to achieve the Sustainable Development Goals (SDGs). While a number of developing countries, predominantly commodity-exporters, made modest progress towards reducing inequality during the commodity… World Economic Situation And Prospects: October 2018 Briefing, No. 119
High commodity dependence and structural barriers hindering long-term growth prospects of many developing countries Intensifying trade tensions between the major economies poses a significant risk to the global
growth outlook Recent financial market turbulence exposes vulnerabilities in several developing economies English: PDF (176 kb) Global issues Why do many developing countries continue to fall behind? Over the past two years, the world economy has experienced a broad-based upturn. According to the United Nation?s World Economic Situation and Prospects as of mid-2018, global growth reached 3.1 per cent in 2017?the fastest pace since 2011. Despite growing international trade… World Economic Situation And Prospects: September 2018 Briefing, No. 118
Improved economic performance in the global economy increasingly overshadowed by heightened risks and humanitarian concerns Armed conflicts a major impediment to progress on sustainable development Need for a redoubling of policy efforts to support conflict prevention and resolution English: PDF (292 kb) Global issues Armed conflicts remain a serious impediment to economic growth and development Since mid-2016, the world economy has seen a strong and broad-based recovery. Global growth reached 3.1 per cent in 2017, the fastest pace in seven years. In almost two thirds of countries worldwide growth strengthened compared to 2016. In its baseline scenario, the World Economic Situation and… World Economic Situation And Prospects: August 2018 Briefing, No. 117
Rising levels of public debt fueling fiscal sustainability concerns in many developing countries Several countries highly vulnerable to a sharp increase in government interest burden in the event of a financial shock High debt service obligations limit the availability of resources to pursue development objectives English: PDF (168 kb) Global issues Rising fiscal vulnerabilities posing risk to development prospects in many developing countries Growing headwinds in the global economy have triggered renewed turbulence in international financial markets over the past few months. Amid intensifying trade tensions between the major economies, investor sentiments have also been affected by… World Economic Situation And Prospects: July 2018 Briefing, No. 116
Global growth expected to reach 3.2 per cent in 2018 and 2019 Key downside risks to the global economy include rising trade tensions, elevated debt and uncertainty over monetary policy adjustments in the developed countries Recent strengthening of economic growth carries environmental costs English: PDF (175 kb) Global issues Global economic prospects continue to strengthen, but risks have increased Short-term prospects for the world economy have generally improved over the last six months. According to the World Economic Situation and Prospects as of mid-2018 report, global economic growth is expected to reach 3.2 per cent in both 2018 and 2019, marking an upward revision of 0.2 and 0.1… World Economic Situation And Prospects: June 2018 Briefing, No. 115
Rising trade tensions pose a risk to the global trade outlook Africa marks an historic step towards the creation of a regional trade bloc English: PDF (172 kb), EPUB (339 kb) Global issues Escalation of trade policy disputes poses risk to recovery in global trade World trade growth accelerated over the course of 2017, and has remained firm in the first months of 2018. According to the World Trade Organization (WTO), the volume of merchandise trade expanded by 4.7 per cent in 2017, following growth of just 1.8 per cent in 2016. This acceleration was largely driven by cyclical improvements, including a notable increase in investment growth in developed economies. Investment is the most… World Economic Situation And Prospects: May 2018 Briefing, No. 114
Short-term prospects for the world economy continue to strengthen, but more efforts are needed to ensure the gains are widely shared Weak productivity growth and a lack of secure employment are constraining progress in many countries in Africa, Latin America and Western Asia Rising inequality in many countries pose a risk to medium-term growth prospects English: PDF (214 kb) Global issues Stronger global economic growth, but risks are building Over the last several months, short-term prospects for the world economy have continued to strengthen. This stems from a further uptick in the growth outlook for developed economies in 2018, on the strength of accelerating wage growth, broadly… World Economic Situation And Prospects: April 2018 Briefing, No. 113
Stock market volatility returns amid concerns over inflation and monetary policy tightening Macroprudential policy measures in emerging economies can help address financial vulnerabilities and limit systemic risks Global investment conditions have improved markedly, but investment gaps remain large in many developing countries English: PDF (283 kb), EPUB (308kb) Global issues Emerging economies must weigh support for investment against a further build-up of financial risks After a long period of subdued growth, the global economy has strengthened, supported by the revival of investment and trade, robust business and consumer sentiment and improving labour market indicators. Since early… World Economic Situation And Prospects: March 2018 Briefing, No. 112
Declining headline unemployment rates mask deeper labour market challenges in both developed and developing regions High youth unemployment not only bears significant costs for the individual but also damages the social fabric Long term investments in education, fostering entrepreneurship and enhancing social safety nets promote more inclusive labour markets English: PDF (172 kb), EPUB (287kb) Global issues High youth unemployment presents a daunting challenge for policymakers around the world The promotion of full and productive employment and decent work for all is a cornerstone of the 2030 Agenda for Sustainable Development. In tandem with the acceleration in global economic activity… World Economic Situation And Prospects: February 2018 Briefing, No. 111
WESP 2018 highlights that the strengthening global economy is an opportunity to address structural challenges Several economies in Africa, Latin America and Western Asia still see negligible per capita income growth East and South Asia remain world?s most dynamic regions English: PDF (197 kb), EPUB (262kb) Global issues WESP 2018: Stronger global economy offers opportunities?to tackle deep-rooted development issues According to the World Economic Situation and Prospects (WESP) 2018, launched on 11 December 2017, the world economy has strengthened, as crisis-related fragilities and the adverse effects of recent shocks subside. Investment conditions have improved in many countries. This… World Economic Situation And Prospects: January 2018 Briefing, No. 110