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Economic Analysis and Policy

If the Millennium Development Goals (MDGs) are to be achieved, a serious shortfall in funding must be addressed. This is the stark revelation of the UN’s MDG Gap Task Force report, released today in New York. Introducing the report, UN Secretary-General Ban Ki-moon underlined the importance of the report’s findings, saying “we cannot afford to leave the poor even further behind.”

Economic Analysis and Policy

Nothing short of a technological revolution on the scale of the first industrial revolution will be required to meet the challenge of sustainable development. Enormous improvements in human welfare have taken place over the past two centuries, but at a lasting cost of degradation of our natural environment. Continuation along established economic growth paths means that the Earth's capacity to ensure human welfare and serve as a sink for the waste and pollution generated in the creation of that welfare will be exceeded.

The World Economic and Social Survey 2011 analyses the challenges and options involved in shifting to a "green economy" based on more efficient and renewable…

Economic Analysis and Policy

The recovery of the global economy continues, with strong output growth in developing countries and a weaker economic performance in developed countries. Higher energy and food prices have created upward pressure on inflation rates, underpinning the tightening of monetary policy, especially in many developing countries. Employment trends have been improving, but major challenges such as rising long-term unemployment and high youth unemployment in a number of economies remain. World trade of goods and services expanded stronger than expected last year, marking a strong rebound from the severe contraction in 2009 with developing countries, particularly Asian economies with large shares in…

Economic Analysis and Policy

The publication predicts weaker global growth in 2011 and 2012 as the recovery has lost momentum since the middle of 2010. World gross product is forecast to expand by 3.1 per cent in 2011 and 3.5 per cent in 2012, following estimated growth of 3.6 per cent in 2010. The report emphasizes that the outlook remains uncertain, surrounded by serious downside risks. It further indicates that, in the short run, more fiscal stimulus will be needed to reinvigorate the global recovery, but that it will need to be better coordinated with monetary policies and reoriented to provide stronger support to employment generation.