economic

High commodity dependence and structural barriers hindering long-term growth prospects of many developing countries; intensifying trade tensions between the major economies poses a significant risk to the global growth outlook; recent financial market turbulence exposes vulnerabilities in several developing economies

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

Growing private consumption, increased investment and strong government expenditure have improved the conditions for growth.

A “Summer School on Modelling Tools for Sustainable Development” will be held from 12 to 28 June in Trieste, Italy. The Summer School will seek to deepen the modelling skills of some 30 government officials and 15 academics from eight countries in Africa, Asia and Latin America to inform sustainable development policies through more than 100 hours of intensive training sessions.