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Economic Analysis and Policy

The global economy will continue to grow at a steady pace of around 3 per cent 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.

UN Secretary-General António Guterres cautioned “While global economic indicators remain largely favourable, they do not tell the whole story.” He said the World Economic Situation and Prospects 2019 “raises concerns over the sustainability of global economic growth in the face of rising financial, social and environmental challenges.”

Global growth is expected to…

Capacity Development, Sustainable Development

The 2018 High-Level Political Forum (HLPF) on sustainable development took place from 9 to 18 July. A total of 46 countries presented voluntary national reviews, up from 43 countries that conducted reviews in 2017. Since the inaugural reviews in 2016, 111 reviews have been presented, by 102 countries, with a number of countries conducting second reviews. Looking ahead to the 2019 HLPF, it is anticipated that 51 countries will present their national reviews, of which 41 will be doing so for the first time.

The voluntary national reviews document how countries are tackling the transformative challenge of the 2030 Agenda. The reviews are country-specific and complement the broader…

Economic Analysis and Policy

New frontier technologies — everything from renewable energy technologies to biodegradable plastics, artificial intelligence and electric vehicles — hold immense potential to improve people’s lives and significantly accelerate efforts to achieve the Sustainable Development Goals and address climate change. But without appropriate policies, they can also drive greater inequality and increase social dislocations.

The World Economic and Social Survey 2018 produced by UN DESA found that renewable energy technologies and efficient energy storage systems are already enhancing environmental sustainability, allowing countries to “leapfrog” over existing technological solutions. New…

Public Administration

Countries in all regions of the world are continuing to make strides in their efforts to improve e-government and to provide public services online according to a new report launched by the United Nations Department of Economic and Social Affairs today.

In a 2018 ranking of countries on e-government development, Denmark, Australia, and Republic of Korea came out on top of a group of 40 countries, scoring very high on an index (the E-Government Development Index—EGDI), which measures countries’ use of information and communications technologies to deliver public services. The Index captures the scope and quality of online services, status of telecommunication infrastructure and…

Economic Analysis and Policy

Growth in the world economy is surpassing expectations and global GDP is now expected to expand by more than three per cent this year and in 2019, reflecting strong growth in developed countries and broadly favourable investment conditions. But rising trade tensions, heightened uncertainty over monetary policy, increasing debt levels and greater geopolitical tensions can potentially thwart progress, according to the United Nations World Economic Situation and Prospects (WESP) as of mid-2018.

According to the report, world economic growth is now forecast to reach 3.2 per cent both in 2018 and 2019, an upward revision by 0.2 and 0.1 percentage point, respectively. This revised…

Financing for Development

The 2018 report of the Inter-agency Task Force on Financing for Development finds that most types of development financing flows increased in 2017, and that there has been progress across all the action areas of the Addis Ababa Action Agenda. This progress was underpinned by an upturn in the world economy, but at the same time the report warns that risks could derail development progress and structural impediments continue to undermine sustainable development prospects.

The 2018 report provides policy options which, if implemented, would put the world on a sustained and sustainable growth and development path. It also examines the financing challenges to the SDGs under…

Public Administration

Two years ago, Member States of the United Nations adopted the 2030 Agenda for Sustainable Development. Acknowledging possible synergies and trade-offs between the sustainable development goals (SDGs) and targets will make it much easier to achieve the Agenda and to translate ambition into reality.

The World Public Sector Report 2018 aims to inform efforts by countries to foster policy integration for implementing the SDGs. It asks, what are the challenges to and opportunities for policy integration across the different stages of policy cycle at the national level? What are some innovative examples of institutional and administrative arrangements that can foster integrated…

Economic Analysis and Policy

–An upturn in the global economy—now growing by about 3 per cent—paves the way to reorient policy towards longer-term issues such as addressing climate change, tackling existing inequalities and removing institutional obstacles to development, according to the United Nations World Economic Situation and Prospects (WESP) 2018.

“The World Economic Situation and Prospects 2018 demonstrates that current macroeconomic conditions offer policy-makers greater scope to address some of the deep-rooted issues that continue to hamper progress towards the Sustainable Development Goals,” stated UN Secretary-General António Guterres in the Foreword.

According to the report, in 2017, world…

Capacity Development, Sustainable Development

The 2017 meeting of the High-Level Political Forum on Sustainable Development (HLPF) took place from 10 to 19 July. A total of 43 countries presented voluntary national reviews, up from 22 countries that presented inaugural reviews at the 2016 HLPF. With this, more than a third of countries will have conducted a voluntary national review, sharing progress, experiences, lessons learned and challenges in implementing the 2030 Agenda. Looking ahead, at the 2018 HLPF, 47 countries will present their national reviews. Four of these will be conducting their second review at the HLPF (Colombia, Egypt, Mexico, and Switzerland) and one country its third (Togo). This report synthesizes some of the…

Economic Analysis and Policy

A careful review of 70 years of the United Nations’ economic advice reveals that the analysis still remains relevant to guiding countries through a difficult current global economic situation and for the implementation of the 2030 Agenda for Sustainable Development, according to the World Economic and Social Survey launched today by the United Nations Department of Economic and Social Affairs.

Individual countries have pursued widely different development paths during a period that has witnessed the fastest growth in global output and trade than any other period in the history of humanity—and have achieved varying results from the bleak to the miracle—. An in-depth review of the…

Financing for Development

Continued slow global economic growth is likely to leave about 6.5 per cent of the world population extremely poor in 2030 without national actions supported by international cooperation, according to a new report issued by the United Nations today.

A continuation of the status quo would severely hamper efforts to achieve the Sustainable Development Goals by 2030. The Goals call for eliminating poverty by 2030.

According to the 2017 “Financing for Development: Progress and Prospects” report, under current trends, least developed countries (LDCs) are likely to fall short by large margins.

Projections indicating that global gross product will grow at less than 3…

Economic Analysis and Policy

Growth in the global economy has picked up in the last six months in line with expectations, but in many regions, growth remains below the levels needed for rapid progress towards achieving the Sustainable Development Goals, according to the United Nations World Economic Situation and Prospects as of mid-2017 report.

The report identifies a tentative recovery in world industrial production, along with reviving global trade, driven primarily by rising import demand from East Asia. World gross product is expected to expand by 2.7 per cent in 2017 and 2.9 per cent in 2018, unchanged from UN forecasts released in January this year. This marks a notable acceleration compared to just 2.…