Summary: Achieving the SDGs requires an enhanced global part?nership for the mobilization of financial resources. Long-term financial flows, such as remittances, FDI and ODA, can support investments that are critical for productive employment and growth in developing countries. A review of recent trends suggests the need for a renewed commitment and enhanced efforts by the international community to support financing for sustainable development. It also points out at potential risks of debt sustainability for a few developed and some emerging economies.
The Development Policy and Analysis Division at DESA has prepared a series of policy notes to review current trends in the global economy…
Development Issues No. 10: International financial flows and external debt
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
Summary: Developed countries? economic performance since the global financial crisis has been disappointing, with subdued growth, weak labour markets, low levels of investment and poor productivity growth. This combination of poor performance and constrained policy options has ignited a debate over the fundamental causes of what some call is a ?secular stagnation? in developed economies. Averting a secular stagnation scenario, with negative long term impacts over the possibility of achieving the Sustainable Development Goals, will require policies that address the short-and long-term factors behind the underlying savings-investment imbalance.
The Development Policy and Analysis Division at…
Development Issues No. 9: Low growth with limited policy options? Secular Stagnation ? Causes, Consequences and Cures
Bhutan is one of the 48 countries currently classified as least developed country (LDC). In line with economic growth and significant investments in social sectors, Bhutan has made rapid progress towards graduating from the LDC category. It met the graduation criteria for the first time at the triennial review in 2015 and is expected to meet the criteria again in 2018, making it eligible for a possible recommendation for graduation by the CDP. As such, there is a need to develop the economy further to make development sustainable over the long term, and to understand the implications of the removal of international support measures for LDCs.
The CDP is carrying out a project to help Bhutan…
In the Media: Building productive capacity in Bhutan for LDC graduation
Summary: As indicated in the 2030 Agenda for Sustainable Development, sustained economic growth will continue to be an important objective in developing countries, especially in those where extreme poverty is widespread and income per capita remains low. This has been, however, a major challenge for many developing countries, with the exception of the first years of the 21st century, up to the financial crisis in 2008. Since then, the global economy has remained on a markedly lower trajectory and the situation has progressively deteriorated for developing countries. More than ever, developing countries need to design a policy framework to strengthen domestic fundamentals for growth and to…
Development Issues No. 8: Global context for achieving the 2030 Agenda for Sustainable Development: Sustained global economic growth
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
Summary: 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.
The Development Policy and Analysis Division at DESA, has prepared a series of policy notes to review current trends…
Development Issues No. 7: Global context for achieving the 2030 Agenda for Sustainable Development: International trade
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
Se prev? una modesta recuperaci?n de la econom?a mundial, pero la vuelta a un crecimiento firme y sostenido sigue siendo dif?cil de alcanzar: informe de las Naciones Unidas
Se necesitan medidas concertadas en materia de pol?ticas que reactiven la inversi?n y el crecimiento para facilitar los progresos hacia el cumplimiento de los Objetivos de Desarrollo Sostenible
Aunque se prev? una modesta recuperaci?n global para 2017 y 2018, la econom?a mundial todav?a no ha salido del per?odo de crecimiento lento, que se caracteriza por la escasez de inversiones, el comercio decreciente y un debilitado aumento de la productividad, seg?n el informe de las Naciones Unidas World Economic Situation and…
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