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The global economy remains trapped in prolonged episode of slow growth, of which weak international trade is both a cause and a symptom. While developing countries have become more integrated and benefitted from international trade in recent years, this has also made them more vulnerable to a slowdown in global trade. Ensuring an enabling global environment for trade is thus critical for progress towards the Sustainable Development Goals, in particular given the risks associated with protectionism and inward-looking policies, which is on the rise in many countries.
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.…
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
Income convergence between developed and developing countries in recent years is mainly the result of rapid economic growth in Asia. The distance between average per capita income in other developing regions and that in developed countries has not ch
Dollar strengthens in the aftermath of the United States presidential election
OPEC agrees to first production cut since the global financial crisis
India announces demonetization policy
Surge in global bond issuance may pose a risk to the global economy
Saudi Arabia raises $17.5 billion in record sovereign bond sale by an emerging economy
Egypt devalues pound to alleviate persistent foreign currency shortages
The Bank of Japan announces decision to cap 10-year bond yields to address deflation and restore profitability and growth
United States household incomes rise sharply in 2015
The Nigerian economy contracts at a faster pace amid significant macroeconomic challenges
In addressing the specific challenge of building resilience to climate change, the Survey focuses attention on the population groups and communities that are disproportionately affected by climate hazards. It argues that, in the absence of transformative policies which coherently address the economic, social and environmental dimensions of development, building climate resilience will remain elusive and poverty and inequalities will worsen.
Global growth prospects restrained by persistent weak labour productivity growth
Services trade as a potential source of global growth
Growth moderation in India amid a contraction of investment activity