Global Economic Monitoring Branch (GEMB)

In a briefing to Member States, the World Economic Situation and Prospects 2019 was presented to the ECOSOC by United Nations Chief Economist and Assistant Secretary-General for Economic Development Elliott Harris, and Matthias Kempf, Senior Economist ...

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.

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 ...

Dawn Holland, Chief of the Global Economic Monitoring Branch, participated in a panel discussion on Global Economy in 2019: What Policymakers Need to Know, organized by the Center for Global Development in Washington, D.C. The discussion was hosted by Mr. Masood Ahmed, President, Center for Global Development and panelists included Ayhan Kose, Director, Prospects Group, World Bank; Anne-Marie Gulde, Deputy Director, African Department, International Monetary Fund; Liliana Rojas-Suarez, Senior Fellow and Director of the Latin America Initiative, Center for Global Development; and Sudhir Shetty, Chief Economist, East Asia and Pacific Region, World Bank.

On 22 January, UN DESA will launch the World Economic Situation and Prospects 2019, providing a detailed analysis of the driving forces behind the global economic growth. Our future – not only in economic terms – will depend on our ability to work together at this critical juncture. Watch the launch live 22 January, 2019 11 am EDT webtv.un.org

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

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

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