global

According to the WESP 2020, sluggish global growth threatens sustainable development; 1 in 5 countries will see per capita incomes stagnate or decline this year, notably in Africa, Latin America and parts of Western Asia; across the world, many policies continue to encourage the use of fossil fuels

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.

WESP 2019 highlights that economic progress remains highly uneven across the world Downside risks to the global growth outlook have increased Waning support for multilateralism may limit the capacity for collaborative policies in the event of a sharp g ...

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

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

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