Publications
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Economic activity in the world economy remains lacklustre, with little prospect for a turnaround in 2016, says UN DESA’s World Economic Situation and Prospects as of mid-2016 report, launched today. According to the report, world gross product will grow by just 2.4 per cent in 2016, the same pace as in 2015, marking a downward revision of 0.5 percentage points from UN forecasts released in December 2015.
Persistent weakness in aggregate demand in developed economies remains a drag on global growth, while low commodity prices, mounting fiscal and current account imbalances and policy tightening have further dampened prospects for many commodity-exporting economies in Africa, the…
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The launching of the Millennium Development Goals (MDGs) at the dawn of the present century ushered in one of the most important initiatives undertaken by the United Nations. Concerted efforts at the international, national and subnational levels to achieve the MDGs have brought about significant development progress over the past 15 years. Nevertheless, important development gaps remain.
The year 2015 was one of global action on the unfinished business of the MDGs and the many other challenges facing humankind. Once again, the United Nations has taken the leading role in promoting development for all, and through an inclusive consultation process has formulated the 2030 Agenda…
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The world economy stumbled in 2015 and only a modest improvement is projected for 2016/17 as a number of cyclical and structural headwinds persist, says the United Nations World Economic Situation and Prospects (WESP) 2016 report.
Global growth is estimated at a mere 2.4 per cent in 2015, marking a downward revision by 0.4 percentage points from the UN forecasts presented six months ago. Amid lower commodity prices, large capital outflows and increased financial market volatility, growth in developing and transition economies has slowed to its weakest pace since the global financial crisis of 2008/2009.
Given the much anticipated slowdown in China and persistently weak…
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The Millennium Development Goals (MDGs) achieved significant progress over the past 15 years, but persistent gaps in official development assistance and an insufficient access to markets, affordable medicines and new technologies have highlighted the need for a rejuvenation of the global partnership for development, according to a new report launched today by United Nations Secretary-General Ban Ki-moon.
The “Taking Stock of the Global Partnership for Development” report of the United Nations MDG Gap Task Force monitors the recent achievements and challenges in the implementation of the Millennium Development Goal 8, while looking ahead towards the new…
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The world economy continues to grow at a modest pace, with a gradual improvement projected for the second half of 2015 and 2016, according to the World Economic Situation and Prospects (WESP) as of mid-2015 report.
Growth of world gross product is projected to improve slightly from 2.6 per cent in 2014 to 2.8 per cent in 2015—a downward revision by 0.3 percentage points from the forecast presented in the WESP 2015 in January.
The downward revision reflects mainly deterioration in the prospects of the economies in transition and several large developing countries, especially in South America. In 2016, global growth is forecast to improve to 3.1 per cent, which is still well…
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Global economic growth is forecast to increase marginally over the next two years, according to the United Nations World Economic Situation and Prospects 2015 (WESP) report.The global economy is expected to grow 3.1 per cent in 2015 and 3.3 per cent in 2016, compared with an estimated growth of 2.6 per cent for 2014.
The global economy expanded during 2014 at a moderate and uneven pace. Legacies from the global financial crisis continue to weigh on growth, while new challenges have emerged, including geopolitical conflicts such as in Ukraine and the Ebola epidemic.
Unemployment figures remain historically high in some regions, but appear to have stopped rising. While…
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Targets for the Millennium Development Goals related to the global partnership to improve people’s lives and end poverty show mixed results on providing the poorest developing countries with greater access to aid, trade, debt relief, essential medicines and technologies, according to a new report launched today by United Nations Secretary-General Ban Ki-moon.
The lives of millions of people worldwide have improved due to concerted efforts – at the global, regional, national and local levels – to achieve the eight Millennium Development Goals (MDGs). Recent statistics show that with many MDG targets already met – including reducing poverty, increasing access to clean drinking…
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The global economy is expected to strengthen over the next two years, despite a downgrade of growth prospects for some developing economies and economies in transition, according to the UN World Economic Situation and Prospects (WESP) 2014 mid-year update. Global growth has been revised slightly lower from the forecasts presented in the WESP 2014. Growth of world gross product (WGP) is now projected at 2.8 per cent in 2014 and 3.2 per cent in 2015, up from 2.2 per cent in 2013. However, this pace of expansion is still low compared to the growth path before the 2008 global financial crisis.
“More than five years after the financial crisis, the world continues to struggle with…
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Global economic growth should increase over the next two years with continuing signs of improvement, according to the United Nations World Economic Situation and Prospects 2014 (WESP) report. The global economy is expected to grow at a pace of 3.0 per cent in 2014 and 3.3 per cent in 2015, compared with an estimated growth of 2.1 per cent for 2013.
The world economy experienced subdued growth for a second year in 2013, but some improvements in the last quarter have led to the UN’s more positive forecast. The euro area has finally ended a protracted recession. Growth in the United States strengthened somewhat. A few large emerging economies, including China and India,…
The MDG Gap Task Force Report 2013, entitled, “The Global Partnership for Development: The Challenge We Face,” tracks delivery on commitments listed under Millennium Development Goal 8—the global partnership for development— including aid, trade, debt relief, access to essential medicines and access to new technologies.
“The picture is mixed,” Mr. Ban said. “We can do better. The best way to prepare for the post-2015 era is to demonstrate that when the international community commits to a global partnership for development, it means it and directs its resources to where they are most needed.”
To deepen the global partnership of UN Member States, international organizations…
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…
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New strategies are needed to address the impacts of rapid urbanization around the world, including increasing demands for energy, water, sanitation, public services, education and health, according to the World Economic and Social Survey 2013.
The 2013 Survey examines the many challenges that must be addressed to achieve sustainable development. The United Nations Conference on Sustainable Development—Rio+20--set out a framework for action and follow-up across a wide range of issues and the Survey zooms in on three critical challenges – food security, energy transformation and sustainable cities.
According to the Survey produced by the UN Department for Economic and Social…