economy

WESP 2019 warns of rising climate risks to the world economy Parts of Africa and Latin America still experiencing very weak per capita income growth East and South Asia remain world’s most dynamic regions, but risks have increased English: PDF (178 kb) ...

The global economy is facing a confluence of risks, which could severely disrupt economic activity and inflict significant damage on longer-term development prospects. These risks include an escalation of trade disputes, an abrupt tightening of global financial conditions, and intensifying climate risks.

CO2 emissions expected to reach an historical high in 2018 The low cost of coal relative to alternative energy sources is slowing progress towards energy transition in many regions Phasing out coal use requires a reliable and stable alternative energy supply, plus support to the economic and employment transition in regions dependent on coal production

Mr. Harris discussed frontier technologies in general, how these technologies are deeply interconnected and interdependent, as advances in one are likely to impact many others.  He also discussed the challenges in harnessing the benefits of these technologies for all, while giving everyone the opportunity not only to cope with its side-effects, but to thrive. The online panel also discussed the imperative of bridging the technological divide through active national innovation systems.

Global growth may have reached a peak Firms in the United States and Japan are facing capacity constraints Manufacturing activity slows in developed and developing economies

The World Economic and Social Survey 2018 reviews the advances in frontier technologies – automation, robotics, electric vehicles, renewable energy technologies, biotechnologies and artificial intelligence – and analyses their economic, social and environmental impact. These technologies possess immense potential for fostering growth, prosperity and environmental sustainability and accelerating the achievement of the 2030 Agenda for Sustainable Development.

Russian Federation commits to halving poverty by 2024 China turns to pro-growth measures to mitigate the impact of the trade disputes Fiscal pressures creating significant policy challenges in Latin America

Improved economic performance in the global economy increasingly overshadowed by heightened risks and humanitarian concerns; armed conflicts a major impediment to progress on sustainable development; need for a redoubling of policy efforts to support conflict prevention and resolution

Rising levels of public debt fueling fiscal sustainability concerns in many developing countries Several countries highly vulnerable to a sharp increase in government interest burden in the event of a financial shock High debt service obligations limit the availability of resources to pursue development objectives