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
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
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
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…
On 17 January 2017, the Secretariat of the Committee for Development Policy (CDP) is hosting a briefing on graduation from the Least Developed Country (LDC) category and support measures.?The briefing will provide information about current and future activities in which the CDP Secretariat is engaged.
The presenters will discuss the current progress of the implementation of a multi-year pilot project in Bhutan, Nepal and Uganda to assist in mitigating the impact of graduation from the LDC category. Using these pilot countries, the CDP Secretariat is building a web-based platform which will help countries understand graduation and develop beyond the graduation stage. The platform will inform…
Briefing on LDC graduation and support measures
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
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
Global issues
Economic implications of the strong United States dollar
The citizens of the United States of America elected the country''s 45th President on 8 November. There are still considerable uncertainties regarding the direction of policy under the new Administration. One major development since the presidential election is that the dollar has risen notably against other currencies, reaching its highest value since mid-2002. The 3 per cent gain in November has come on top of the sharp rise seen in…
World Economic Situation And Prospects: December 2016 Briefing, No. 97
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