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Economic Analysis and Policy

Global growth prospects have weakened significantly amid the war in Ukraine, rising energy, food and commodity prices, soaring inflation and tightening monetary policy stances by major central banks. The world economy is projected to grow by 3.1 per cent in 2022, marking a downward revision of 0.9 percentage points from our previous forecast released in January 2022. The baseline forecast faces significant downside risks from further intensification of the war in Ukraine and potential new waves of the pandemic.

Growth forecasts for the United States, European Union and China have been revised downward, with the European Union registering the most significant downward revision.…

Economic Analysis and Policy

The global economic recovery is facing significant headwinds amid new waves of COVID-19 infections, persistent labour market challenges, lingering supply-chain challenes and rising inflationary pressures. After expanding by 5.5 per cent in 2021, the global output is projected to grow by only 4.0 per cent in 2022 and 3.5 per cent in 2023, according to the United Nations World Economic Situation and Prospects (WESP) 2022.

The robust recovery in 2021 – driven by strong consumer spending and some uptake in investment, with trade in goods surpassing pre-pandemic levels — marked the highest growth rate in more than four decades, the Report highlighted. Yet the momentum for growth –…

Statistics, Sustainable Development

More countries and communities are recognizing the need to bolster efforts to achieve the Sustainable Development Goals (SDGs) in light of the toll the COVID-19 pandemic has taken on people around the world according to The Sustainable Development Goals Report 2021, released by the United Nations today.

The decisions and actions taken during the next 18 months will determine whether pandemic recovery plans will put the world on a course to reach the globally-agreed upon goals that aim to boost economic growth and social well-being while protecting the environment.

According to the report, which tracks global efforts to achieve the SDGs, COVID-19 has caused a major…

Economic Analysis and Policy

While the global growth outlook has improved, led by robust rebound in China and the United States, surging COVID-19 infections and inadequate vaccination progress in many countries threaten a broad-based recovery of the world economy.

According to the World Economic Situation and Prospects (WESP) mid-2021 report, following a sharp contraction of 3.6 per cent in 2020, the global economy is now projected to expand by 5.4 per cent in 2021, reflecting an upward revision from the UN forecasts released in January. Amid rapid vaccinations and continued fiscal and monetary support measures, China and the United States – the two largest economies – are on the path to recovery.

In…

Economic Analysis and Policy

The United Nations today warned that the devastating socio-economic impact of the COVID-19 pandemic will be felt for years to come unless smart investments in economic, societal and climate resilience ensure a robust and sustainable recovery of the global economy.

In 2020, the world economy shrank by 4.3 per cent, over two and half times more than during the global financial crisis of 2009. The modest recovery of 4.7 per cent expected in 2021 would barely offset the losses of 2020, says the latest World Economic Situation and Prospects.

The report underscores that sustained recovery from the pandemic will depend not only on the size of the stimulus measures, and the quick…

Population

COVID-19 has disrupted all forms of human mobility through the closing of national borders and halting of travel worldwide. Preliminary estimates suggest that the pandemic may have slowed the growth in the stock of international migrants by around two million by mid-2020, 27 per cent less than the growth expected since mid-2019, according to a report by the United Nations released today. 

Growth in the number of international migrants has been robust over the last two decades, reaching 281 million people living outside their country of origin in 2020, up from 173 million in 2000 and 221 million in 2010.  Currently, international migrants represent about 3.6 per cent of the world’…

Gender, Statistics

Less than 50% of working-age women are in the labour market, a figure that has barely changed over the last quarter of a century, according to a new UN report launched today. Unpaid domestic and care work falls disproportionately on women, restraining their economic potential as the COVID-19 pandemic additionally affects women’s jobs and livelihoods, the report warns.

The World’s Women 2020: Trends and Statistics compiles 100 data stories that provide a snapshot of the state of gender equality worldwide. Presented on an interactive portal, the report analyses gender equality in six critical areas: population and families; health; education; economic empowerment and asset…

Social Development

This guide has been developed as a resource for Member States to provide information about the inclusion of youth in their delegations and offers ideas for those with existing youth delegate programmes on how to potentially strengthen them. It includes sections on establishing a programme, suggestions for possible roles of youth delegates and practicalities to be considered.

Economic Analysis and Policy

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…

Economic Analysis and Policy

Impacted by prolonged trade disputes, the global economy suffered its lowest growth in a decade, slipping to 2.3 per cent in 2019. The world, however, could see a slight uptick in economic activity in 2020 if risks are kept at bay, according to the United Nations World Economic Situation and Prospects (WESP) 2020.

The Report states that growth of 2.5 per cent in 2020 is possible, but a flareup of trade tensions, financial turmoil, or an escalation of geopolitical tensions could derail a recovery. In a downside scenario, global growth would slow to just 1.8 per cent this year. A prolonged weakness in global economic activity may cause significant setbacks for sustainable…

Sustainable Development

Achieving human well-being and eradicating poverty for all of the Earth’s people—expected to number eight and a half billion by 2030—is still possible, but only if there is a fundamental—and urgent—change in the relationship between people and nature, and a significant reduction in social and gender inequalities between and inside countries, according to a new United Nations report by an independent group of scientists to be launched at the 2019 SDG Summit, but made available today.

The Report, requested by all countries to evaluate progress on the 2030 Sustainable Development Agenda, is the first of its kind since the landmark Sustainable Development Goals (SDGs) were…

Statistics, Sustainable Development

The impacts of climate change and increasing inequality across and within countries are undermining progress on the sustainable development agenda, threatening to reverse many of the gains made over the last decades that have improved people’s lives, warns the United Nations’ latest report on the Sustainable Development Goals.

Launched on the opening day of the UN High-level Political Forum on Sustainable Development, a critical annual stocktaking event, the report, which is based on the latest available data, remains the cornerstone for measuring progress and identifying gaps in the implementation of all 17 Sustainable Development Goals.

Four years since the…