Global Economic Monitoring Unit (GEM)

The mid-year update of the World Economic Situation and Prospects 2017 confirms the projections made in January 2017 of a modest recovery in global growth for 2017-2018. Helped by a moderate recovery in trade and investment, world gross product is expected to expand by 2.7% in 2017 and 2.9% in 2018. While this marks a notable acceleration compared to 2016, growth in many regions remains below the levels needed for rapid progress towards achieving the Sustainable Development Goals.

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

The World Economic Situation and Prospects 2017 (WESP), published by the United Nations Department of Economic and Social Affairs (UN/DESA), was launched in a press conference in New York on 17 January by Assistant-Secretary-General for Economic Develo ...

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]

Aunque se prevé una modesta recuperación global para 2017 y 2018, la economía mundial todavía no ha salido del período de crecimiento lento, que se caracteriza por la escasez de inversiones, el comercio decreciente y un debilitado aumento de la productividad, según el informe de las Naciones Unidas World Economic Situation and Prospects (Situación y perspectivas de la economía mundial) de 2017, que se ha presentado hoy.

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