November 2009
Summary:
According to preliminary UN estimates, the world economy will shrink by 2.2 per cent in 2009.
There are clear indications that recovery is on its way and global output may increase by 2.4 per?cent in 2010, according to the preliminary UN forecast. Recovery is still very fragile, however.
A key risk is a premature withdrawal of the stimulus measures in major economies, which presently is a key factor driving the incipient recovery. Pursuing further stimulus now while?at the same time ensuring a more sustainable and balanced global growth for the future is a?main challenge facing policy makers collectively.
After a sharp and synchronized global downturn in 2008 and…
Monthly Briefing on the World Economic Situation and Prospects, No. 14
October 2009
Summary:
The global recovery remains fragile and requires sustained policy support, as agreed by G20?leaders at the Pittsburgh Summit.
The recovery in some Asian economies has lost some of its momentum, as reflected in weaker?exports and imports.
Unemployment continues to rise worldwide.
Widespread hunger is looming in East Africa.
G20 leaders have recognized that the global recovery remains fragile over concerns that the modest signs of recovery are almost?entirely on account of the fiscal stimulus, that there are still important financial sector problems to be resolved and that unemployment remains on the rise worldwide. The leaders pledged to sustain a strong policy…
Monthly Briefing on the World Economic Situation and Prospects, No. 13
Strengthening the Global Partnership for Development in a Time of Crisis
Further progress has been made towards fulfilling the promises embodied in the Millennium Development Goal 8 (MDG 8). However, the Global Partnership for Development has suffered important setbacks, most of which have arisen from the current state of the world economy which is experiencing its severest downturn since the Great Depression of the 1930s. Important gaps remain in delivering on the global commitments in the areas of aid, trade, debt relief, and access to new technologies and to affordable essential medicines. In the countdown to 2015, urgent responses are needed to bridge the existing implementation gaps to…
The MDG Gap Task Force Report 2009
September 2009
Summary:?
The global economy shows tentative signs of a recovery, but substantial risks and uncertainties?remain. If employment growth and private investment demand do not pick up strongly before?the effects of fiscal stimuli fade out, the world economy may face a double-dip recession.
Global trade activity could recede again as final consumer demand remains sluggish.
Fiscal stimulus measures have been a major factor for the stabilization or expansion of aggregate demand across the globe, especially in a number of large developing countries.
A major food crisis is imminent in East Africa.
The world economy continues to show signs of an incipient recovery. However,…
Monthly Briefing on the World Economic Situation and Prospects, No. 12
July 2009
Summary:
The recent United Nations conference on the global financial and economic crisis proposed a comprehensive set of actions to mitigate the immediate impact of the crisis and to formulate adequate medium- and long-term responses.
Unemployment is rising rapidly across the globe, posing a key risk for a sustained recovery of the world economy.
The contraction in world trade is slowing but import demand in developed economies remains weak as policymakers focus on domestic issues.
Heads of State and Government and High Representatives of the world?s nations met on 24-26 June 2009 for the United Nations Conference on?the World Financial and Economic Crisis and its Impact on…
Monthly Briefing on the World Economic Situation and Prospects, No. 10
Promoting Development, Saving the Planet
The World Economic and Social Survey 2009 argues that mitigation and adaptation efforts can better move forward as part of a development strategy built around a massive investment-led transformation, along low-carbon, high-growth paths. This transformation would keep temperature increases consistent with environmental stability, while fostering the strong growth and economic diversification necessary to allow convergence of incomes worldwide.
The Survey contends that a critical role must be played by developmental States, able to mobilize public finance and build appropriate technological capacity. A variety of market and non-market institutional…
World Economic and Social Survey 2009
Climate change and the energy challenge
by Imran Ahmad, Tariq Banuri, Richard Kozul-Wright?and Rob Vos
Download the UN/DESA Policy Brief No. 24
UN/DESA Policy Brief, No. 24
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