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Forest

On 9 February, DESA’s UN Forum on Forests Secretariat launched the Forests for  People book as part of the special event marking the closing of the International Year of Forests 2011. Including articles from 75 authors from 35 countries, it celebrates the interconnections between people and forests and promotes greater understanding of their economic, environmental and social values. The 300-page fully illustrated publication is a collaborative effort between the UNFF Secretariat and Tudor Rose publishing.

Economic Analysis and Policy

The world economy is on the brink of another major downturn. Global economic growth started to decelerate on a broad front in mid-2011 and is estimated to have averaged 2.8 per cent over the last year. This economic slowdown is expected to continue into 2012 and 2013. The United Nations baseline forecast for the growth of world gross product (WGP) is 2.6 per cent for 2012 and 3.2 per cent for 2013, which is below the pre-crisis pace of global growth.

Persistent high unemployment in the United States and low wage growth are holding back aggregate demand and, together with the prospect of prolonged depressed housing prices, this has heightened risks of a new wave of home…

Economic Analysis and Policy

If the Millennium Development Goals (MDGs) are to be achieved, a serious shortfall in funding must be addressed. This is the stark revelation of the UN’s MDG Gap Task Force report, released today in New York. Introducing the report, UN Secretary-General Ban Ki-moon underlined the importance of the report’s findings, saying “we cannot afford to leave the poor even further behind.”

Economic Analysis and Policy

Nothing short of a technological revolution on the scale of the first industrial revolution will be required to meet the challenge of sustainable development. Enormous improvements in human welfare have taken place over the past two centuries, but at a lasting cost of degradation of our natural environment. Continuation along established economic growth paths means that the Earth's capacity to ensure human welfare and serve as a sink for the waste and pollution generated in the creation of that welfare will be exceeded.

The World Economic and Social Survey 2011 analyses the challenges and options involved in shifting to a "green economy" based on more efficient and renewable…

Economic Analysis and Policy

The recovery of the global economy continues, with strong output growth in developing countries and a weaker economic performance in developed countries. Higher energy and food prices have created upward pressure on inflation rates, underpinning the tightening of monetary policy, especially in many developing countries. Employment trends have been improving, but major challenges such as rising long-term unemployment and high youth unemployment in a number of economies remain. World trade of goods and services expanded stronger than expected last year, marking a strong rebound from the severe contraction in 2009 with developing countries, particularly Asian economies with large shares in…

Economic Analysis and Policy

The publication predicts weaker global growth in 2011 and 2012 as the recovery has lost momentum since the middle of 2010. World gross product is forecast to expand by 3.1 per cent in 2011 and 3.5 per cent in 2012, following estimated growth of 3.6 per cent in 2010. The report emphasizes that the outlook remains uncertain, surrounded by serious downside risks. It further indicates that, in the short run, more fiscal stimulus will be needed to reinvigorate the global recovery, but that it will need to be better coordinated with monetary policies and reoriented to provide stronger support to employment generation.

Economic Analysis and Policy

In the 2010 MDG Gap Task Force Report, UN warns that the shortfalls in meeting agreed actions on combating poverty and raising life standards are jeopardizing the achievement of the Millennium Development Goals (MDGs)...

Economic Analysis and Policy

The financial fallout in the USA which rapidly turned into a global economic crisis underscored the interconnectedness of the global economy. The economic and financial crisis came on top of several other crises. Skyrocketing but highly volatile world food and energy prices evidenced a decades-long neglect of food agriculture and failure to rein in increasingly speculative energy markets. And the effects of climate change, which is already a clear and present danger whose consequences are being felt in many part of the world in the form of more frequent and severe droughts and excessive rainfall, are compounding other crises.

These multiple dramas have unfolded simultaneously and…

Economic Analysis and Policy

The world economy continued to improve in the first half of 2010, leading to a slight upward revision in the United Nations outlook for global growth. The pace of the recovery is too weak, however, to close the global output gap left by the crisis. The recovery is also uneven across countries. While growth prospects for some developing countries are encouraging, economic activity is lacklustre in developed economies and below potential elsewhere in the developing world.

Important weaknesses in the global economy remain. Despite the large amounts of liquidity injected into the financial system, credit growth remains feeble in major developed economies and the process of financial…

Economic Analysis and Policy

The world economy is on the mend. After a sharp, broad and synchronized global downturn in late 2008 and early 2009, an increasing number of countries have registered positive quarterly growth of gross domestic product (GDP), along with a notable recovery in international trade and global industrial production. World equity markets have also rebounded and risk premiums on borrowing have fallen.

The recovery is uneven and conditions for sustained growth remain fragile. Credit conditions are still tight in major developed economies, where many major financial institutions need to continue the process of deleveraging and cleansing their balance-sheets. The rebound in domestic demand…

Economic Analysis and Policy, Financing for Development, Sustainable Development

The present report recognizes that further progress has been made towards fulfilling the promises embodied in Millennium Development Goal 8 (MDG 8). At the same time, it identifies important setbacks, most of which have arisen from the current state of the world economy which is suffering its severest downturn since the Great Depression of the 1930s. Some donor countries are cutting their budgets for official development assistance (ODA); several developed and developing countries have resorted to protectionist measures; resurging debt distress is increasing the need for further and broader debt relief; the costs of essential medicines are on the rise; and the technological divide…

Economic Analysis and Policy

The central message of the World Economic and Social Survey 2009 is that addressing the climate challenge cannot be met through ad hoc and incremental actions. In the first place, it requires much stronger efforts by advanced countries to cut their emissions. The fact that in this regard more than a decade has been lost since the adoption of the Kyoto Protocol to the United Nations Framework Convention on Climate Change only adds urgency to those efforts. However, even if advanced countries begin to match their words with deeds, their efforts are, by themselves, unlikely to be sufficient to meet the climate challenge. The active participation of developing countries is now required and…