Monthly Briefing on the World Economic Situation and Prospects, No. 67

Based on the latest forecast prepared in May 2014 by the Global?Economic Monitoring Unit in the Department of Economic and?Social Affairs at the United Nations, world economic growth is expected to accelerate in 2014 and 2015. Growth for these years is?now projected at 2.8 per cent and 3.2 per cent, respectively, which is?slightly lower than the forecast made in World Economic Situation?and Prospects 2014, released in January 2014.?A downward revision has been made, mainly in the growth?projections for developing economies and the economies in transition, as the situation in a number of countries in these?two groups has become somewhat more challenging. However,?developing countries as a whole will continue to comprise a large?proportion of global growth.