Welcome to the United Nations Download the World Economic Situation and Prospec
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Department of Economic and Social Affairs
Economic Analysis
SDG #8: Decent work and economic growth
Presentations at the workshop on trade and LDCs organized by the CDP Secretariat, Geneva, 3-6 November, 2015
Productive capacity
The mid-year update of the World Economic Situation and Prospects forecasts growth of world gross product to accelerate slightly from 2.6 per cent in 2014 to 2.8 per cent in 2015?a downward revision by 0.3 percentage points from the forecast presented in the World Economic Situation and Prospects 2015 in January. In 2016, global growth is forecast to improve to 3.1 per cent. The report was launched today in New York by Pingfan Hong, Director of the Development Policy and Analysis Division (DPAD), UN/DESA; and Ingo Pitterle, Economic Affairs Officer, DPAD/DESA.
Peace and Stability as Enablers for and Outcome of Development
Pingfan Hong
Committee for Development Policy,?Report on the seventeenth session?(23-27 March 2015) (E/2015/33)
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In a Development Policy Seminar held in New York yesterday, Nicolas V?ron, Senior Fellow at Bruegel in Brussels and Visiting Fellow from the Peterson Institute for International Economics, argued that the effectiveness of post-crisis reforms in financial regulation in making global finance more stable is not so far proven. In his presentation, he showed that unintended consequences of the reforms are appearing gradually, even as their initial implementation is still unfinished. In his view, the G20 has established neither an adequate institutional infrastructure nor a consistent policy vision for a globally integrated financial system. This shortcoming justifies increasing concerns about economically harmful market fragmentation. One key aim, according to V?ron, should be to make international regulatory bodies more representative of the rapidly-changing geography of global finance, not only in terms of their membership but also of their leadership and location.
Report of the Committee for Development Policy (E/2015/33, Supplement No. 13)
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