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Introduction Over the last two years, the world economy has been rocked by multiple non-economic shocks, from the COVID-19 pandemic to the war in Ukraine. Climate-related disasters continue to increase in frequency and severity. Together, these events have had enormous socio-economic consequences due to the interrelated nature of economic, social and environmental risks. But not all countries and people have been impacted in the same way, in part because a financing divide is sharply curtailing the ability of many developing countries to respond to shocks and invest in recovery. The outbreak of COVID-19 delivered a seismic shock to the global economy, but developed countries were able to… UN DESA Policy Brief No. 134: The Great Finance Divide
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Global growth prospects have weakened significantly amid the war in Ukraine The World Economic Situation and Prospects as of mid-2022 warns that the global economy may be on the cusp of a new crisis, while still recovering from the pandemic. The war in Ukraine has upended the fragile global recovery, triggering a devastating humanitarian crisis in Europe, pushing up food and commodity prices, slowing growth globally and exacerbating inflationary pressures worldwide. Geopolitical and economic uncertainties are dampening business confidence and investment and further weakening short-term economic prospects. Against this backdrop, the world economy is now projected to… World Economic Situation and Prospects: June 2022 Briefing, No. 161
Full Report: English Key Messages: English Press Release:?Русский, 中文, English, Français, Русский, Español Global growth prospects have weakened significantly amid the war in Ukraine, rising energy, food and commodity prices, soaring inflation and tightening monetary policy stances by major central banks. The world economy is projected to grow by 3.1 per cent in 2022, marking a downward revision of 0.9 percentage points from our previous forecast released in January 2022. The baseline forecast faces significant downside risks from further intensification of the war in Ukraine and potential new waves of the pandemic. Growth forecasts for the United States, European Union and China have been… World Economic Situation and Prospects as of mid-2022
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INTRODUCTION In preparation for the thirtieth anniversary of the International Year of the Family, 2024, UNDESA supports research and awareness-raising activities on the impact of current megatrends including technological, demographic, urbanization, migration and climate change trends on families. In 2022, migration (along with urbanization) and its impact on families is the topic under consideration. As migration-related issues are visible throughout the 2030 Agenda and elsewhere at the United Nations forum, focusing on migrants and their families through effective policies grows in importance and deserves more attention. MIGRANTS AND REMITTANCES

The number… UN DESA Policy Brief No. 133: Migration Trends and Families
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Seven years after the adoption of the 2030 Agenda for Sustainable Development, many countries still rely on out-of-date and incomplete data to inform its implementation. Millions of people globally are not covered by existing data sources and are therefore excluded from decision-making and policies. Moreover, the COVID-19 crisis has highlighted the critical importance of having reliable, timely and disaggregated data to save lives and livelihoods, and exposed the limitations of traditional sources and methods used to produce them. In this context, there is an increased sense of the urgency to use innovative approaches to better meet the data needs to accelerate action… UN DESA Policy Brief No. 132: Data for now: leveraging innovative sources, technologies and methods for better, more timely and disaggregated data for sustainable development
Download the PDF Rising inflation hits developing countries Global inflation is rising substantially, driven by higher energy and food prices, persistent supply chain disruptions, and tight labor markets in major developed economies. In the United States, inflation has reached multi-decade highs in recent months, prompting the Federal Reserve to raise interest rates and initiate a global monetary tightening cycle. Rising inflation in the developed economies has received considerable attention. At the same time, inflation in developing countries ? generally higher and more volatile than in developed countries ? is also rising markedly and becoming more widespread as well. The return of… World Economic Situation and Prospects: May 2022 Briefing, No. 160
Report of the Committee for Development Policy (E/2022/33, Supplement No. 13)
عربي, 中文, English, Français, Русский, Español Corrigendum (E/2022/33/Corr.1) to the Report of the Committee for Development Policy
To reflect the correct graduation date for Bhutan
عربي, 中文, English, Français, Русский, Español CDP excerpts on the report by theme
Building back better from the coronavirus disease (COVID-19) while advancing the full implementation of the 2030 Agenda for Sustainable Development
Review by the Economic and Social Council of subsidiary bodies
Voluntary national reviews (VNRs)
Monitoring of countries that are graduating or have graduated from the list of…

Download the PDF Potential economic fallout from the war in Ukraine Human costs continue to mount since the beginning of the Ukraine war on 24 February 2022. By late March, at least 1,119 civilians have been killed and at least 1,790 injured while many of the victims are still not accounted for. More than 10 million Ukrainians (out of 44 million) have been forcible displaced, 4 million of them abroad and 6.5 million within the country. In addition to the humanitarian crisis in Ukraine and its direct socioeconomic impact on Ukraine?s neighbouring countries, the impact of the war has been spreading through multiple channels on the world economy. This Monthly Briefing aims to depict the… World Economic Situation and Prospects: April 2022 Briefing, No. 159
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The COVID-19 pandemic has inflicted significant damage on global economic activity, exacerbated fiscal challenges worldwide, and impeded countries? ability to respond to the pandemic and achieve the Sustainable Development Goals (SDGs). Many countries experienced downgrades of their sovereign credit ratings, higher borrowing costs, and intensified risks of debt distress. Developing countries have borne the brunt (over 95%) of credit rating downgrades, despite experiencing relatively milder economic contractions. The fear of ratings downgrades also hindered some countries? participation in official debt relief programs, such as the G20?s Debt Service Suspension… UN DESA Policy Brief No. 131: Credit rating agencies and sovereign debt: Four proposals to support achievement of the SDGs