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Population

The world’s population is expected to increase by 2 billion persons in the next 30 years, from 7.7 billion currently to 9.7 billion in 2050, according to a new United Nations report launched today.

The World Population Prospects 2019: Highlights, which is published by the Population Division of the UN Department of Economic and Social Affairs, provides a comprehensive overview of global demographic patterns and prospects. The study concluded that the world’s population could reach its peak around the end of the current century, at a level of nearly 11 billion.

The report also confirmed that the world’s population is growing older due to increasing life expectancy and…

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…