Publications | Economic Analysis and Policy Division

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02 December 2019

World Economic Situation And Prospects: December 2019 Briefing, No. 133

As energy demand is rising globally, it is imperative to transition to clean energy The status of natural gas as a ?transition fuel? is waning The automotive sector in Europe is undergoing dramatic changes English: PDF (168 kb) Global issues: Transitioning to clean energies in a world of rising energy demand As climate researchers, business leaders, activists and policymakers meet this month for the 25th session of the Conference of the Parties (COP 25) to the UNFCCC1, the planet will be 1?C (1.8?F) warmer than preindustrial levels and the level of carbon dioxide (CO2) in the atmosphere will have surpassed levels last seen hundreds of thousands of years ago. They will also know that… World Economic Situation And Prospects: December 2019 Briefing, No. 133

01 November 2019

World Economic Situation And Prospects: November 2019 Briefing, No. 132

Lack of innovation a key structural challenge for many developing countries Economic diversification impeded by structural barriers in the CIS and Africa Weak productivity growth contributing to bleak economic outlook in Latin America English: PDF (168 kb) Global issues: The challenge of innovation in developing countries The economic situation in many developing countries has deteriorated considerably in recent years. Between 2010 and 2014, aggregate GDP expanded at an average pace of 6.0 per cent, but growth slowed to an average of 4.2 per cent between 2015 and 2018. The slowdown in growth has been particularly pronounced in Africa, Latin America and Western Asia. In 2019, average GDP… World Economic Situation And Prospects: November 2019 Briefing, No. 132

01 October 2019

World Economic Situation And Prospects: October 2019 Briefing, No. 131

The global commodity price shock of 2014-2016 has caused setbacks in the fight against poverty Poverty eradication in Africa by 2030 is increasingly becoming out of reach The humanitarian crisis in Yemen is exacerbating the poverty situation English: PDF (168 kb) Global issue: The legacy of?the global commodity price shock: Long-term output losses and poverty setbacks The recently released Sustainable Development Goals Report 2019(1) paints a mixed picture of global progress on extreme poverty eradication. On the one hand, global poverty rates, measured as the proportion of people living below the $1.90 a day international poverty line, have continued to decline.(2) In 2018, an estimated… World Economic Situation And Prospects: October 2019 Briefing, No. 131

01 September 2019

World Economic Situation And Prospects: September 2019 Briefing, No. 130

Prolonged trade tensions exacerbating the cyclical slowdown in the global economy Global automobile production contracts amid higher tariffs and policy uncertainty Further easing of macroeconomic policies as external headwinds to growth rise English: PDF (168 kb) Global issue: Trade conflict a threat to global growth Trade tensions between China and the United States re-escalated in August, following the announcement by the United States that it will impose tariffs on a further $300 billion of Chinese imports. In retaliation, China introduced additional tariffs on $75 billion of imports from the United States. These developments triggered sharp movements in global equity markets, a… World Economic Situation And Prospects: September 2019 Briefing, No. 130

07 August 2019

Project LINK Meeting Documents 2019

Glen Cove NY, 17-19 June Global Economic Outlook, June Agenda from the Project LINK Meeting LINK List of Participants LINK Report 2019 Presentations [accordion autoclose=false openfirst=true clicktoclose=true tag=h4]
[accordion-item title="Day 1" state=open] World Economic Prospects: Risks and Development Challenges World Economic Outlook: Growth Slowdown, Precarious Recovery World Economic Prospects: Heightened Tensions, Subdued Investment World Economic Prospects: Capital Economics The 2018-2019 World Economic Slowdown Accelerating Africa's Transformation to Unlock Africa's Potential Accelerating Africa's Transformation to Unlock Africa's Potential Part 2 Overcoming Development…

31 July 2019

World Economic Situation And Prospects: August 2019 Briefing, No. 129

Carbon pricing is a vital policy tool to address the unfolding climate crisis Amid rising global temperatures, drought forces Australia to import wheat for the first time in a decade Debt-for-climate swaps are an innovative?development financing instrument English: PDF (168 kb) Global issues: Climate risks and the case for internalizing the cost of CO2 emission The rationale for carbon pricing: changing decision-making amid an unfolding climate crisis Evidence such as historic temperature data indicates a worrying trend. In numerous countries and geographic areas, the hottest years over the last century have occurred in the last decade. At the global level, the past four years were the… World Economic Situation And Prospects: August 2019 Briefing, No. 129

01 July 2019

World Economic Situation And Prospects: July 2019 Briefing, No. 128

ODA flows must increase to support SDG-related investment Regional integration in Africa and Asia is crucial for sustainable development China?s direct investment in Latin America slows English: PDF (168 kb) Global issues ODA flows should increase significantly to achieve the 2030 Agenda To achieve the 2030 Agenda for Sustainable Development, the international community must embark on a path of collective efforts, including providing support to many developing countries to increase investment in numerous fields. Both upgrading and diversifying productive capacities and advancing communication, energy and transportation infrastructure remain priorities. Several countries, especially among… World Economic Situation And Prospects: July 2019 Briefing, No. 128

01 June 2019

World Economic Situation And Prospects: June 2019 Briefing, No. 127

Trade tensions and policy uncertainty are damaging global growth prospects Several countries continue to experience setbacks in their fight against poverty Carbon pricing a key element in combating climate change English: PDF (168 kb) Global issues Trade tensions and policy uncertainty continue to damage global growth prospects The World Economic Situation and Prospects (WESP) as of mid-2019, launched on 21 May, stresses that high trade tensions and policy uncertainty continue to damage prospects for economic growth. The report also downgraded growth forecasts for many countries. When the WESP 2019 was launched last January, a softening in global economic activity was already evident. In… World Economic Situation And Prospects: June 2019 Briefing, No. 127

21 May 2019

World Economic Situation and Prospects as of mid-2019

Global growth outlook has weakened, amid unresolved trade tensions and elevated international policy uncertainty, according to the World Economic Situation and Prospects as of mid-2019. Across both developed and developing countries, growth projections for 2019 have been downgraded.?Following an expansion of 3.0 per cent in 2018, world gross product growth is now projected to moderate to 2.7 per cent in 2019 and 2.9 per cent in 2020, reflecting a downward revision from the forecasts released in January. The report identifies several downside risks that could trigger a sharper or more prolonged growth slowdown in the world economy, potentially inflicting significant damage on development… World Economic Situation and Prospects as of mid-2019

01 May 2019

World Economic Situation And Prospects: May 2019 Briefing, No. 126

Many developed and developing economies take an easier monetary policy stance VAT increase in the Russian Federation temporarily adds to inflation Argentina imposes price controls to curb inflation English: PDF (168 kb) Global issues Aligning monetary policy with the SDGs A slowdown in global economic activity, coupled with largely benign inflationary pressures, has triggered a shift towards easier monetary policy stances across many developed and developing economies (figure 1). In March, the United States Federal Reserve (Fed) lowered its expectations from two interest rate hikes to none in 2019, and announced that it will begin to slow the pace of its balance sheet normalization. In… World Economic Situation And Prospects: May 2019 Briefing, No. 126