Document_GEM: World Economic Situation and Prospects (WESP) mid-year update

World Economic Situation and Prospects (WESP) mid-year update

Global growth prospects have weakened significantly amid the war in Ukraine, rising energy, food and commodity prices, soaring inflation and tightening monetary policy stances by major central banks.

The World Economic Situation and Prospects as of mid-2022, set to be released on 18 May 2022, will delve into the multitude of local, regional, and global economic consequences of the current war in Ukraine. The war, which erupted in February 2022, has ...

While the global growth outlook has improved, led by robust rebound in China and the United States, surging COVID-19 infections and inadequate vaccination progress in many countries threaten a broad-based recovery of the world economy.

Selon les dernières prévisions des Nations Unies, publiées aujourd’hui, si les perspectives de croissance mondiale s’améliorent, une recrudescence du nombre de personnes contaminées par la COVID-19 menacent une relance générale de l’économie mondiale.

التعافي الاقتصادي مهدد بالفشل وسط تصاعد عدد حالات كوفيد وتأخر عمليات التلقيح في الدول الفقيرة

较贫穷国家2019 冠状病毒病例剧增且疫苗接种滞后,危及全球经济复苏

Восстановление экономики под угрозой в условиях увеличения количества случаев заражения COVID и отставания в вакцинации в более бедных странах

GDP growth in developed countries will plunge to –5.0 per cent in 2020, while output of developing countries will shrink by 0.7 per cent. The projected cumulative output losses during 2020 and 2021—nearly $8.5 trillion—will wipe out nearly all output gains of the previous four years. The pandemic has unleashed a health and economic crisis unprecedented in scope and magnitude.

Global growth outlook has weakened, amid unresolved trade tensions and elevated international policy uncertainty, according to the World Economic Situation and Prospects as of mid-2019. Across both developed and developing countries, growth projections for 2019 have been downgraded. 

Follow Us