Publications

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…

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…

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…

There are now an estimated 258 million people living in a country other than their country of birth — an increase of 49% since 2000 — according to new figures released by UN DESA today, on International Migrants Day. The International Migration Report 2017 (Highlights), a biennial publication of the department, states that 3.4% of the world’s inhabitants today are international migrants. This reflects a modest increase from a value of 2.8% in 2000. By contrast, the number of migrants as a fraction of the population residing in high-income countries rose from 9.6% in 2000 to 14% in 2017.

The report reviews the latest migration trends, assesses the demographic contribution of…

Although a modest global recovery is projected for 2017-18, the world economy has not yet emerged from the period of slow growth, characterised by weak investment, dwindling trade and flagging productivity growth, according to the United Nations World Economic Situation and Prospects (WESP) 2017 report.

The report states that the world economy expanded by just 2.2 per cent in 2016, the slowest rate of growth since the Great Recession of 2009. World gross product is projected to grow by 2.7 per cent in 2017 and 2.9 per cent in 2018, a slight downward revision from the forecasts made last May.

Launching the report at the UN Headquarters in New York, Mr. Lenni Montiel,…

Evidence is increasing that climate change is taking the largest toll on poor and vulnerable people, and these impacts are largely caused by inequalities that increase the risks from climate hazards, according to a new report launched by the United Nations today.

The World Economic and Social Survey 2016: Climate Change Resilience—an Opportunity for Reducing Inequalities (#WESS2016), found that governments can play a significant role in reducing the risks of climate change to vulnerable populations. Through transformative policies,  the report shows that governments could address the root causes of inequalities and build climate change resilience.

While there is…

The experience from the Millennium Development Goals has shown that well-defined, objectively measurable indicators can help to maintain focus on internationally agreed development goals and targets, while keeping the world informed of achievements, problem areas and emerging issues.

Looking ahead to the post-2015 development agenda, it will be important to develop a robust monitoring system that draws on traditional data collection methods and innovations in statistics and data collection to develop a monitoring framework that can measure progress on the various thematic areas.

While it is still too early to define a set of indicators and targets for the development…

The publication provides a coherent accounting framework of economic flows from one age group or generation to another, typically for a national population in a given calendar year. This manual presents the concepts, methods and estimation procedures to measure these flows over the life-cycle. The NTA estimates are useful to understand and analyse the implications of changing age structures for the fiscal sustainability of social programs, the accumulation of physical and human capital, economic growth, and familial support for children, youth and older persons.

National Transfer Accounts are consistent with the System of National Accounts (SNA), and provide measures by single…

UN Population Division's wall chart on Rural Population, Development and the Environment 2011 presents the latest data available for 15 indicators of rural population, land use, development and environment. It provides estimates at the national, regional and world levels, giving us a better understanding of the relationship between demographic dynamics, natural resources and cultural practices.

The world economy is mired in the worst financial crisis since the Great Depression. What first appeared as a sub-prime mortgage crack in the United States housing market during the summer of 2007 began widening during 2008 into deeper fissures across the global financial landscape and ended with the collapse of major banking institutions, precipitous falls on stock markets across the world and a credit freeze. These financial shockwaves have now triggered a full-fledged economic crisis, with most advanced countries already in recession and the outlook for emerging and other developing economies deteriorating rapidly, including those with a recent…

According to the 2008 World Economic and Social Survey, economic insecurity arises from the exposure of individuals, communities and countries to adverse events, and from their inability to cope with and recover from the downside losses. The risk and threats vary from community to community; in advanced countries, they have been associated with a significant rise in inequality, a hollowing out of middle-class lifestyles and reduced welfare protection. Elsewhere, economic shocks and premature deindustrialization have raised fears of an insufficiency of the formal sector jobs needed to accommodate an expanding urban population. In still other places, food insecurity has given rise to…

The World Economic Situation and Prospects 2008 highlights the risk of a recession in the United States and a hard landing of the global economy as a whole. The combination of a deep housing slump in the United States, continuous devaluation of the United States dollar and related increased financial turmoil could trigger an abrupt adjustment of the global imbalances, which would not only send the economy of the United States into a recession but would also lead to a hard landing for the global economy as a whole. Lessons need to be learned from the recent financial turmoil to reduce vulnerabilities to future financial stress. Responses by the central banks of the major economies have…