Global Economic Monitoring Branch (GEMB)

The most up-to-date indicators from the World Economic Situation and Prospects as of mid-2017 can now be found in our StatPlanet data visualization tool. StatPlanet allows users to easily browse through data regarding two main economic indicators; annual growth rate of real GDP and annual CPI inflation rate, for 176 UN Member States between 2001 and 2018.

Global growth projected to strengthen to 2.7 per cent in 2017 and 2.9 per cent in 2018 High food price inflation in several countries raises concerns over worsening food insecurity Brazil returns to positive growth in the first quarter

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.

The mid-year update of the World Economic Situation and Prospects 2017 confirms the projections made in January 2017 of a modest recovery in global growth for 2017-2018. Helped by a moderate recovery in trade and investment, world gross product is expected to expand by 2.7% in 2017 and 2.9% in 2018. While this marks a notable acceleration compared to 2016, growth in many regions remains below the levels needed for rapid progress towards achieving the Sustainable Development Goals.

Slowdown in productivity growth posing a medium term challenge for developing countries Weaker-than-expected first quarter growth in the United States of America Plunge in cocoa prices delaying economic recovery in West Africa

The United States Federal Reserve raises its key policy rate by 25 basis points, amid continued strengthening of labour market conditions Rapid rise in inflation poses policy challenges for several developing economies in Africa, South Asia and Western Asia East Asian economies are experiencing a rebound in exports, but the trade outlook faces significant downside risks

Rising headline inflation primarily reflects higher energy prices, amid a modest recovery in global demand Stronger-than-expected fourth quarter growth in Canada, China and India Argentina and Brazil are set to emerge from recession

According to the World Economic Situation and Prospects (WESP) 2017, the world economy remains trapped in a prolonged period of slow growth Weak investment is a major cause of the slowdown in global growth East Asia and South Asia remain the world’s most dynamic regions

The World Economic Situation and Prospects 2017 (WESP), published by the United Nations Department of Economic and Social Affairs (UN/DESA), was launched in a press conference in New York on 17 January by Assistant-Secretary-General for Economic Develo ...