Global Macroeconomic Prospects

On 14 June, the Development Policy and Analysis Division (DPAD) organized a panel discussion on the state of the world economy and its implications for the 2030 Agenda for Sustainable Development. Mr. Pingfan Hong, Director, DPAD moderated the discussi ...

World gross product projected to expand by just 2.4 per cent in 2016 Forthcoming referendum on EU membership has increased financial market volatility in the United Kingdom Ongoing fiscal adjustment in Africa, the CIS, Latin America and Western Asia continues to constrain prospects

Weak global growth continues to linger, posing a challenge to the implementation of the 2030 Agenda for Sustainable Development. World gross product is projected to expand by just 2.4 per cent in 2016, the same weak rate as in 2015.

Argentina re-enters international capital markets after 15 years Deflationary trends remain a concern in euro area and Japan GDP growth in China in line with government target, but United States and Republic of Korea fall short of expectations

Policy space in many developing countries constrained by El Niño Further improvement in labour market conditions in Europe and the United States Monetary stance eases in the CIS but tightens in Africa

Is the zero lower bound no longer a hard constraint? EU-wide strategy to address refugee crisis remains elusive Drought leads to a spike in food prices in Africa and Latin America

The launching of the Millennium Development Goals (MDGs) at the dawn of the present century ushered in one of the most important initiatives undertaken by the United Nations. Concerted efforts at the international, national and subnational levels to achieve the MDGs have brought about significant development progress over the past 15 years. Nevertheless, important development gaps remain.

Commodity price rout dampens regional growth prospects China emphasized the need to improve productivity through policies on the supply side of the economy Bank of Japan adopts a negative interest rate

The report projects a modest improvement for the world economy in 2016/17 as a number of cyclical and structural headwinds persist. Global growth is estimated at a mere 2.4 per cent in 2015 and is forecast to grow by 2.9 per cent in 2016 and 3.2 per cent in 2017.