Commodity price rout dampens regional growth prospects
China emphasized the need to improve productivity through policies on the supply side of the economy
Bank of Japan adopts a negative interest rate
Global issues
Commodity price further dampens growth prospects
The World Economic Situation and Prospects 2016 (WESP 2016), launched in December 2015, foresaw only tepid growth in the global economy in 2016. A tumultuous start to the year in global commodity and financial markets has deteriorated the outlook further. The price of Brent crude has been below $50 per barrel (pb) since mid-October 2015, and plunged to its lowest level since 2003, at just $27 pb, in mid-January 2016. The…
World Economic Situation and Prospects Monthly Briefing No. 87
The world economy stumbled in 2015 and only a modest improvement is projected for 2016/17 as a number of cyclical and structural headwinds persist. Global growth is estimated at a mere 2.4 per cent in 2015, marking a downward revision by 0.4 percentage points from the UN forecasts presented six months ago. Amid lower commodity prices, large capital outflows and increased financial market volatility, growth in developing and transition economies has slowed to its weakest pace since the global financial crisis of 2008/2009. Given the much anticipated slowdown in China and persistently weak economic performances in other large emerging economies, notably the Russian Federation and Brazil, the…
World Economic Situation and Prospects 2016: Global Economic Outlook
January Summary
Limited global financial market reaction to Fed's interest rate move
IMF includes Chinese renminbi in the SDR basket
Monetary tightening in Western Asia and Latin America in response to Fed's first rate hike in seven years
Global issues
Beginning normalization of the policy rate by the Fed elicits limited reaction in the financial market
The Federal Open Market Committee (FOMC) of the United States Federal Reserve (Fed) raised the target range for the federal funds rate by 25 basis points on 16 December, a move that had been anticipated by financial markets. The United Nations flagship publication World Economic Situation and Prospects 2016, launched on 10 December 2015…
World Economic Situation and Prospects Monthly Briefing No. 86
The second edition of the Handbook on the Least Developed Country Category: Inclusion, Graduation and Special Support Measures (2015) provides comprehensive information on the least developed country (LDC) category, including a description of procedures and methodologies used in the identification of these countries, and the support measures associated with it.
It builds upon and updates the previous edition published in 2008. Accordingly, the LDC Handbook is intended for the use by government officials, policymakers, researchers and others interested in the particular development problems and challenges faced by the most disadvantaged developing countries.
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* Data from the 2015 triennial review
LDC status
Inclusion: 1985
Graduation: Recommended for graduation in 2020 by the General Assembly
Reports and resolutions
Inclusion
CDP report: 1985
GA resolution: A/RES/40/233
Graduation
CDP reports: 1991, 1994, 1997, 2000, 2006, 2009, 2012
ECOSOC resolutions: E/RES/1997/223, E/RES/1998/39, E/RES/2012/32
GA resolutions: A/RES/52/210, E/RES/68/18, A/RES/70/78
Impact assessment: 2009, 2012
Vulnerability profile: 2009, 2012
Country statements: 2009 CDP Plenary statement, 2012 CDP EGM statement
Country presentation: 2015 CDP EGM presentation
Monitoring reports: 2014, 2015
Gross national income (GNI) per capita…
According to chapter one of the World Economic Situation and Prospects 2016, only a modest improvement in the world economy is projected for the next two years
Recessions in the Russian Federation and Ukraine may have reached a turning point
Unemployment on the rise in a number of South American economies
Global issues
The world economy stumbled in 2015, amid weak aggregate demand, falling commodity prices and financial market volatility
According to chapter one of the World Economic Situation and Prospects 2016, launched on 10 December 2015, the world gross product is projected to grow by a mere 2.4 per cent in 2015. This represents a significant downward revision from the 2.8 per cent…
World Economic Situation and Prospects Monthly Briefing No. 85
Angola (including Angola's response to the impact assessment)
Kiribati (including Kiribati's response to the impact assessment and DESA's reply)
2015 Impact Assessments
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