Global Economic Monitoring Branch (GEMB)

Short-term prospects for the world economy continue to strengthen, but more efforts are needed to ensure the gains are widely shared Weak productivity growth and a lack of secure employment are constraining progress in many countries in Africa, Latin America and Western Asia Rising inequality in China and India poses a risk to medium-term growth prospects

Stock market volatility returns amid concerns over inflation and monetary policy tightening Macroprudential policy measures in emerging economies can help address financial vulnerabilities and limit systemic risks Global investment conditions have improved markedly, but investment gaps remain large in many developing countries

Declining headline unemployment rates mask deeper labour market challenges in both developed and developing regions High youth unemployment not only bears significant costs for the individual but also damages the social fabric Long term investments in education, fostering entrepreneurship and enhancing social safety nets promote more inclusive labour markets

WESP 2018 highlights that the strengthening global economy is an opportunity to address structural challenges Several economies in Africa, Latin America and Western Asia still see negligible per capita income growth East and South Asia remain world?s most dynamic regions

WTO?s Eleventh Ministerial Conference to be held against a backdrop of major challenges to the multilateral trading system Rising financial imbalances prompt policy responses in China and the Republic of Korea Higher oil and metal prices driving South America?s economic recovery

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