The United Nations recognizes that sustained, inclusive and sustainable economic growth is crucial in achieving the 2030 Agenda, with employment creation and social development as pillars of healthy growth in the world economy. The Economic Analysis and Policy Division (EAPD) monitors global macroeconomic trends and prospects and formulates advice for international policy coordination. It provides systematic analysis of the global economy and development policy and offers useful guidance for the implementation of strategies for sustainable development. It identifies and leads research on frontier and emerging issues, as well as other economic challenges for countries in conflict and countries in special situations. In particular, it monitors the status of least developed countries (LDCs) – low-income countries confronting severe structural impediments to sustainable development – and manages capacity development projects, providing assistance through research, training and workshops to enhance the LDCs’ capacities in achieving sustainable growth.
Signs suggest global economic growth spurt has peaked but will remain steady at 3 percent in 2019–2020
The global economy will continue to grow at a steady pace of around 3 percent in 2019 and 2020 amid signs that global growth has peaked. However, a worrisome combination of development challenges could further undermine growth, according to the United Nations World Economic Situation and Prospects (WESP) 2019, which was launched today.