The World Economic Situation and Prospects as of mid-2019 will be launched on 21 May in New York. The report updates the economic prospects for the world economy reported in January 2019.

In the mid-year update, the global growth outlook has weakened, amid unresolved trade tensions and elevated international policy uncertainty. Across both developed and developing countries, growth projections for 2019 have been downgraded. While part of the economic slowdown reflects temporary factors, downside risks to global growth remain high.

Heightened financial risks are compounded by greater frequency and severity of natural disasters, reflecting the rising effects of climate change.

Tackling the current growth slowdown and placing the world economy on a robust path in support of the 2030 Agenda for Sustainable Development require more comprehensive and well-targeted policy responses, including a combination of monetary, fiscal and development-oriented measures.

Join Assistant-Secretary-General for Economic Development and UN Chief Economist Elliott Harris and Chief of UN DESA’s Global Economic Monitoring Branch Dawn Holland as they present the global and regional economic update live at 11 am EDT on May 21 via UN Web TV.