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
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
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
Rates of return in the United States rise relative to the rest of the world
European Union sanctions against the Russian Federation extended
Recent improvement in East Asia?s exports could see setback amid significant uncertainties
Global issues
Rates of return in the United States rise relative to the rest of the world
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 15 December, a move that was widely anticipated by financial markets and economic forecasters. This marks the second interest rate move by the Fed since rates were reduced to near-zero levels at the height of the…
World Economic Situation And Prospects: January 2017 Briefing, No. 98
Welcome to the United Nations
