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The global economic outlook as of mid-2025 has deteriorated notably, according to the latest World Economic Situation and Prospects (WESP) update. Global growth is now forecast to slow to 2.4 per cent in 2025, down from 2.9 per cent in 2024 and 0.4 percentage points below the January forecast.
In the second CDP Issue Brief, Sabina Alkire discusses the potential of data for poverty eradication and the opportunities for WSSD2 to act on that potential.
A sudden escalation of trade tensions has sent shockwaves through the global economy, dampening growth prospects while fueling uncertainty and inducing financial market volatility.
Geopolitical fragmentation, trade barriers, and climate change portend recurrent supply-side shocks, fuelling unpredictable inflationary pressures. These disruptions are increasing uncertainty and volatility, which complicate investment decisions and economic policymaking.
Report of the Committee for Development Policy (E/2025/33, Supplement No. 13)
عربي, 中文, English, Français, Русский, Español CDP excerpts on the report by theme New development contexts and pathways Convergence in human and social development
Reports for Bangladesh, Bhutan, Cambodia, Lao People's Democratic Republic, Nepal, Sao Tome and Principe, Senegal, Solomon Islands
Global trade has undergone an extraordinary transformation over the past five decades. However, a succession of shocks has profoundly altered global trade dynamics, exposed vulnerabilities in supply chains, shifted policy priorities, and fuelled geopolitical frictions.
The near-term global trade outlook is fraught with uncertainties amid new tariffs and other trade restrictions. While recent history demonstrates that the global trading system is resilient, often adapting by finding alternative channels for sustaining commerce, policy uncertainty could hinder this process by discouraging necessary investments.
The world economy has shown resilience despite multiple shocks, but the outlook remains uncertain due to ongoing conflicts, geopolitical and trade tensions, climate risks, and mounting fiscal pressures.
The 27th session was held from 24-28 February at UN Headquarters in New York