The United States Federal Reserve raises its key policy rate by 25 basis points, amid continued strengthening of labour market conditions
Rapid rise in inflation poses policy challenges for several developing economies in Africa, South Asia and Western Asia
East Asian economies are experiencing a rebound in exports, but the trade outlook faces significant downside risks
Global issues
Multinational enterprises supporting jobs growth in the United States rather than diverting jobs abroad
The labour market in the United States of America has exhibited a pronounced recovery since the global financial crisis, when the unemployment rate reached a peak of 10 per cent in October 2009. The…
World Economic Situation And Prospects: April 2017 Briefing, No. 101
Summary: Achieving the SDGs requires an enhanced global part?nership for the mobilization of financial resources. Long-term financial flows, such as remittances, FDI and ODA, can support investments that are critical for productive employment and growth in developing countries. A review of recent trends suggests the need for a renewed commitment and enhanced efforts by the international community to support financing for sustainable development. It also points out at potential risks of debt sustainability for a few developed and some emerging economies.
The Development Policy and Analysis Division at DESA has prepared a series of policy notes to review current trends in the global economy…
Development Issues No. 10: International financial flows and external debt
Rising headline inflation primarily reflects higher energy prices, amid a modest recovery in global demand
Stronger-than-expected fourth quarter growth in Canada, China and India
Argentina and Brazil are set to emerge from recession
Global issues
Shifting global inflation dynamics
As highlighted in the World Economic Situation and Prospects (WESP) 2017 report released in January, the trend of extremely low inflation rates has been a persistent concern for policymakers, particularly in developed economies and parts of Asia.
A prolonged period of extremely low inflation can have significant adverse effects on economic activity. One of them is the increased risk of a debt-deflation spiral:…
World Economic Situation And Prospects: March 2017 Briefing, No. 100
Summary: Developed countries? economic performance since the global financial crisis has been disappointing, with subdued growth, weak labour markets, low levels of investment and poor productivity growth. This combination of poor performance and constrained policy options has ignited a debate over the fundamental causes of what some call is a ?secular stagnation? in developed economies. Averting a secular stagnation scenario, with negative long term impacts over the possibility of achieving the Sustainable Development Goals, will require policies that address the short-and long-term factors behind the underlying savings-investment imbalance.
The Development Policy and Analysis Division at…
Development Issues No. 9: Low growth with limited policy options? Secular Stagnation ? Causes, Consequences and Cures
Summary: As indicated in the 2030 Agenda for Sustainable Development, sustained economic growth will continue to be an important objective in developing countries, especially in those where extreme poverty is widespread and income per capita remains low. This has been, however, a major challenge for many developing countries, with the exception of the first years of the 21st century, up to the financial crisis in 2008. Since then, the global economy has remained on a markedly lower trajectory and the situation has progressively deteriorated for developing countries. More than ever, developing countries need to design a policy framework to strengthen domestic fundamentals for growth and to…
Development Issues No. 8: Global context for achieving the 2030 Agenda for Sustainable Development: Sustained global economic growth
Summary: The global economy remains trapped in prolonged episode of slow growth, of which weak international trade is both a cause and a symptom. While developing countries have become more integrated and benefitted from international trade in recent years, this has also made them more vulnerable to a slowdown in global trade. Ensuring an enabling global environment for trade is thus critical for progress towards the Sustainable Development Goals, in particular given the risks associated with protectionism and inward-looking policies, which is on the rise in many countries.
The Development Policy and Analysis Division at DESA, has prepared a series of policy notes to review current trends…
Development Issues No. 7: Global context for achieving the 2030 Agenda for Sustainable Development: International trade
According to the World Economic Situation and Prospects (WESP) 2017, the world economy remains trapped in a prolonged period of slow growth
Weak investment is a major cause of the slowdown in global growth
East Asia and South Asia remain the world?s most dynamic regions
Global issues
Prolonged period of slow global growth amid significant uncertainties
The World Economic Situation and Prospects (WESP) 2017, launched on January 17, states that the world economy continues to face significant uncertainties and downside risks over changes in the international policy environment, unconventional monetary policy, debt overhang in emerging economies and volatile financial flows. According to the…
World Economic Situation And Prospects: February 2017 Briefing, No. 99
Marking 70 years of publication, UN/DESA's flagship report on the state of the global economy, the World Economic Situation and Prospects 2017, was launched today in New York by Assistant-Secretary-General for Economic Development, Lenni Montiel, and Senior Economic Affairs Officer, Dawn Holland. The report states that world gross product is forecast to expand by 2.7 per cent in 2017 and 2.9 per cent in 2018, with this modest recovery more an indication of economic stabilization than a signal of a robust and sustained revival of global demand.? Regional launches will take place in Addis Ababa, Bangkok, Beirut, Geneva, Johannesburg, Mexico City, Moscow and New Delhi throughout the week.
In…
World Economic Situation and Prospects 2017
Welcome to the United Nations
