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Economic Analysis and Policy

The United Nations today warned that the devastating socio-economic impact of the COVID-19 pandemic will be felt for years to come unless smart investments in economic, societal and climate resilience ensure a robust and sustainable recovery of the global economy.

In 2020, the world economy shrank by 4.3 per cent, over two and half times more than during the global financial crisis of 2009. The modest recovery of 4.7 per cent expected in 2021 would barely offset the losses of 2020, says the latest World Economic Situation and Prospects.

The report underscores that sustained recovery from the pandemic will depend not only on the size of the stimulus measures, and the…

Capacity Development, Sustainable Development

The ongoing COVID-19 pandemic and its socio-economic impacts have affected all countries in the world. In 2021, as the effects continue to reverberate across multiple sectors and are compounded by other complex threats, 42 governments recognized that this year was a crucial time to conduct a Voluntary National Review (VNR), in order to align their efforts toward a resilient recovery from the pandemic and to overcome setbacks to sustainable development. This sixth edition of the VNR Synthesis Report delivers an overview of the innovative approaches and actions taken by the 42 VNR countries that presented their progress and findings during the 2021 HLPF, which was held in a hybrid format…

Capacity Development, Sustainable Development

Despite the sudden onset of the COVID-19 pandemic and its global impacts, 47 countries presented their Voluntary National Reviews (VNRs) during the first virtual high-level political forum on sustainable development (HLPF) held under the auspices of the UN Economic and Social Council from 7 to 16 July 2020. Since 2016, when the first reviews were presented, a total of 168 countries have reported on their efforts to implement the 2030 Agenda for Sustainable Development and its Sustainable Development Goals (SDGs). With the launch this year of the Decade of Action and Delivery for sustainable development, some countries reaffirmed their commitment to the principles of the 2030 Agenda and…

Economic Analysis and Policy

The new report examines five megatrends: climate change; demographic shifts, particularly population ageing; urbanization; the emergence of digital technologies; and inequalities –that are affecting economic, social and environmental outcomes. Efforts to reverse or redirect these trends must be reinforced to ensure that we achieve the full measure of the 2030 Agenda, and set the stage for an inclusive, sustainable and equitable future during the next 75 years.

All trends are the result of human activity, and as such, they can be shaped by human decisions and policy choices. By making the right choices today, without further delay, it is not too late to shape the major trends of…

Social Development

This guide has been developed as a resource for Member States to provide information about the inclusion of youth in their delegations and offers ideas for those with existing youth delegate programmes on how to potentially strengthen them. It includes sections on establishing a programme, suggestions for possible roles of youth delegates and practicalities to be considered.

Social Development

Tearing down barriers that prevent more young people from becoming successful social entrepreneurs will contribute to advancing the Sustainable Development Goals and tackling the socio-economic impacts of COVID-19, according to a new report released today by the UN Department of Economic and Social Affairs.

The report calls on governments and other decision-makers to remove obstacles to youth social entrepreneurship, such as access to start-up funds that are presently limiting the ability of young people to engage in profitable activities. Many regulatory systems often prevent — sometimes involuntarily — young people from accessing financial products and services needed…

Economic Analysis and Policy

Against the backdrop of a devastating pandemic, the global economy is projected to contract sharply by 3.2 per cent this year, according to the United Nations World Economic Situation and Prospects (WESP) mid-2020 report.

The global economy is expected to lose nearly $8.5 trillion in output over the next two years due to the COVID-19 pandemic, wiping out nearly all gains of the previous four years.  The sharp economic contraction, which marks the sharpest contraction since the Great Depression in the 1930s, comes on top of anaemic economic forecasts of only 2.1 percent at the start of the year.

The report estimates that GDP growth in developed economies is expected to…

Social Development

Growing inequality in both developing and developed countries could exacerbate divisions and slow economic and social development according to a new UN report, the World Social Report 2020, that was launched today. More than two thirds of the world’s population today live in countries where inequality has grown, and inequality is rising again even in some of the countries that have seen inequality decline in recent decades, such as Brazil, Argentina and Mexico.

The impacts of inequality are being felt at the personal and national levels. According to the report, which is produced by the UN Department of Economic and Social Affairs, highly unequal societies are less effective at…

Economic Analysis and Policy

Impacted by prolonged trade disputes, the global economy suffered its lowest growth in a decade, slipping to 2.3 per cent in 2019. The world, however, could see a slight uptick in economic activity in 2020 if risks are kept at bay, according to the United Nations World Economic Situation and Prospects (WESP) 2020.

The Report states that growth of 2.5 per cent in 2020 is possible, but a flareup of trade tensions, financial turmoil, or an escalation of geopolitical tensions could derail a recovery. In a downside scenario, global growth would slow to just 1.8 per cent this year. A prolonged weakness in global economic activity may cause significant setbacks for sustainable…

Capacity Development, Sustainable Development

47 countries presented their Voluntary National Reviews (VNR) at the High-level Political Forum on Sustainable Development (HLPF) under the auspices of the UN Economic and Social Council, held in New York from 9 to 18 July 2019. Since 2016, when the first reviews were presented, a total of 142 countries have reported on their efforts to implement the 2030 Agenda for Sustainable Development and its 17 Sustainable Development Goals (SDGs).

As in previous years, this report provides an overview of the approaches and actions taken by all countries reporting in 2019 and showcases best practices, lessons learned, gaps and challenges encountered in working towards the achievement of the…

Social Development

The United Nations Declaration on the Rights of Indigenous Peoples (UNDRIP) has been in place for more than a decade. Has it made a difference? What kind of impact has it had on the survival, dignity and well-being of indigenous peoples. How has it been used? What can be learned from the many ways in which it has been applied and from the obstacles encountered? What gaps and challenges still exist that may be preventing the full implementation of the Declaration? What is the way forward to realize the full potential and promise of the Declaration? These are the questions this publication seeks to explore. This edition of the State of the World’s Indigenous Peoples (SOWIP)…

Economic Analysis and Policy

The global economy is experiencing a broad-based growth slowdown amid unresolved trade tensions, high international policy uncertainty, and softening business confidence, according to the United Nations World Economic Situation and Prospects (WESP) mid-2019 report.

The forecast for weaker global growth casts a shadow over efforts to implement the 2030 Agenda for Sustainable Development, which has set universal goals for eliminating poverty, promoting prosperity and social well-being while protecting the environment. Weaker economic growth puts at risk essential investments in areas such as education, health, climate change adaptation and sustainable infrastructure.