Global Economic Monitoring Branch (GEMB)

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

The United States Federal Reserve raises its key policy rate by 25 basis points, amid continued strengthening of labour market conditions Rapid rise in inflation poses policy challenges for several developing economies in Africa, South Asia and Western Asia East Asian economies are experiencing a rebound in exports, but the trade outlook faces significant downside risks

Rising headline inflation primarily reflects higher energy prices, amid a modest recovery in global demand Stronger-than-expected fourth quarter growth in Canada, China and India Argentina and Brazil are set to emerge from recession

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

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. Watch the global outlook [link to: https://www.youtube.com/watch?v=uBYlk1idPzc] Full report and other press materials [link to: http://bit.ly/WESP]