According to the World Social Report 2024, urgent global action is needed to support national efforts to address the setbacks caused by the recent global crises, and to avoid the conversion of future shocks to crises.

Titled “Social Development in Times of Converging Crises: A Call for Global Action”, the World Social Report 2024 explains that, in our current global policy environment, shocks more readily turn into crises that cross boundaries, demanding international action.  Particularly as such crises disproportionately impact the most vulnerable people, societies and countries.

Crisis-driven setbacks in poverty reduction and unemployment

Successive shocks,…

The UN DESA Annual Highlights report is a tool to communicate the contributions of the Department to the realization of internationally agreed development goals and shared social, economic, and environmental aspirations. It showcases the Department’s role in gauging trends, building capacities, and shaping solutions. UN DESA Highlights 2023–2024 covers activities over the period of the 78th Session of the General Assembly (September 2023 – August 2024) and reflects the Department’s response to the set priorities and expressed needs of Member States. Seven (7) thematic chapters showcase how UN DESA put its expertise to the task of supporting Member State efforts to implement the 2030…

Global economic prospects have improved since January, with major economies avoiding a severe downturn, bringing down inflation without increasing unemployment. However, the outlook is only cautiously optimistic. Higher-for-longer interest rates, debt sustainability challenges, continuing geopolitical tensions and ever-worsening climate risks continue to pose challenges to growth, threatening decades of development gains, especially for least developed countries and small island developing States.

According to the World Economic Situation and Prospects as of mid-2024, the world economy is now projected to grow by 2.7 per cent in 2024 (+0.3 percentage points from the January…

The Handbook on the Least Developed Country Category contains comprehensive and authoritative information on criteria defining the category, graduation procedures, and international support measures for least developed countries (LDCs). This 5th edition reflects recent developments in the LDC category, including refinements to the LDC criteria and the progress of several countries towards graduation from the category. Moreover, it contains updated information on international support measures, including on “smooth transition” provisions for countries graduating from the LDC category. The Handbook, prepared by the Committee for Development Policy (CDP) and the UN Department of Economic…

Global economic growth is projected to slow from an estimated 2.7 per cent in 2023 to 2.4 per cent in 2024, trending below the pre-pandemic growth rate of 3.0 per cent, according to the United Nations World Economic Situation and Prospects (WESP) 2024. This latest forecast comes on the heels of global economic performance exceeding expectations in 2023. However, last year’s stronger-than-expected GDP growth masked short-term risks and structural vulnerabilities. 

The UN’s flagship economic report presents a sombre economic outlook for the near term. Persistently high interest rates, further escalation of conflicts, sluggish international trade, and increasing climate…