Global Macroeconomic Prospects

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.

Rapid growth in cryptocurrencies posing a challenge for policymakers, European Central Bank maintains accommodative policy stance while the Bank of England raises its key policy rate for the first time in more than a decade, India announces plans to recapitalize state-owned banks

Capital inflows to emerging economies gain momentum Carbon dioxide emissions from international transport set to increase as global trade rebounds and tourism soars Africa?s economic growth is catching up with population growth Latin America and the Caribbean will see a mild recovery after two years of contraction

Trade policy under review in the United States of America Fall armyworm impacting the agricultural sector in Africa Economic fortunes diverging between Haiti and the Dominican Republic Central Bank of Yemen floats currency

Modest improvement in the growth outlook for emerging economies but risks remain Diplomatic rift poses economic challenges for Qatar Fragile and uneven economic recovery in Africa and South America

Modest improvement in the growth outlook for emerging economies but risks remain Diplomatic rift poses economic challenges for Qatar Fragile and uneven economic recovery in Africa and South America

Geneva, 3-5 October Global Economic Outlook, June

Global growth projected to strengthen to 2.7 per cent in 2017 and 2.9 per cent in 2018 High food price inflation in several countries raises concerns over worsening food insecurity Brazil returns to positive growth in the first quarter

Slowdown in productivity growth posing a medium term challenge for developing countries Weaker-than-expected first quarter growth in the United States of America Plunge in cocoa prices delaying economic recovery in West Africa