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Economic Analysis and Policy, Social Development

New approaches made possible through improved access and Internet connectivity can raise the standard of living for approximately 3.4 billion people living in rural areas, without them having to migrate to cities, according to the newly released 2021 World Social Report “Reconsidering Rural Development.”

The COVID-19 pandemic, together with already persistent high levels of poverty and inequalities, are threatening to stall progress for the world’s rural populations. But the pandemic has also proven that new technologies can enable rural populations to flourish, ending the rural-urban divide.

UN Secretary-General António Guterres said the new technologies opened up new…

Economic Analysis and Policy

While the global growth outlook has improved, led by robust rebound in China and the United States, surging COVID-19 infections and inadequate vaccination progress in many countries threaten a broad-based recovery of the world economy.

According to the World Economic Situation and Prospects (WESP) mid-2021 report, following a sharp contraction of 3.6 per cent in 2020, the global economy is now projected to expand by 5.4 per cent in 2021, reflecting an upward revision from the UN forecasts released in January. Amid rapid vaccinations and continued fiscal and monetary support measures, China and the United States – the two largest economies – are on the path to recovery.

In…

Forest

Progress in protecting the world’s forests—and the people who rely on them—is at risk due to the devastating impacts of the COVID-19 pandemic and the escalating climate and biodiversity crises, according to a new report released today by the UN Department of Economic and Social Affairs (UN DESA).

According to the Global Forest Goals Report 2021, the world had been making progress in key areas, such as increasing the global forest area through afforestation and restoration. Many regions, in particular, Asia, Europe and Oceania, appear to be on track to reach one of the key targets of the Global Forest Goals - increasing forest area by three percent by 2030. However, these advances…

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…