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Economic Analysis and Policy

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…

Economic Analysis and Policy  

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,…

Social Development

This E-publication is based on papers presented at two Expert Group Meetings (jointly organized by DSPD and the ILO) that brought together specialists to undertake a review of progress in eradicating poverty and to analyse policy responses to the global jobs crisis in different countries and regions of the world. It calls for a reorientation of macroeconomic policies from the current heavy emphasis on short-term stability to the promotion of sustained, inclusive and equitable growth. It stresses the need for the integration of social and economic policies to enable the attainment of people-centred development outcomes.

Economic Analysis and Policy

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…

Population

The publication provides a coherent accounting framework of economic flows from one age group or generation to another, typically for a national population in a given calendar year. This manual presents the concepts, methods and estimation procedures to measure these flows over the life-cycle. The NTA estimates are useful to understand and analyse the implications of changing age structures for the fiscal sustainability of social programs, the accumulation of physical and human capital, economic growth, and familial support for children, youth and older persons.

National Transfer Accounts are consistent with the System of National Accounts (SNA), and provide measures by single…

Statistics With some of the Millennium Development Goals (MDGs) already met, more targets are within reach by the 2015 target date, while challenges to achieving others must be urgently addressed, according to a new report launched on 1 July by UN Secretary-General Ban Ki-moon. Based on comprehensive official statistics, The Millennium Development Goals Report 2013 shows that the combined actionsof national governments, the international community, civil society and the private sector are making the achievement of the MDGs a reality.



“The Millennium Development Goals have been the most successful global anti-poverty push in history,” Mr. Ban said. “The MDGs have proven that focused global…

Economic Analysis and Policy

Global economic activity is projected to slowly gain momentum, but growth will continue to be below potential and employment gains will remain weak, says the UN report. It notes that since late 2012, new policy initiatives in major developed economies have reduced systemic risks and helped stabilize consumer, business and investor confidence, but with very limited improvement on economic growth.

“The main priority for policy makers worldwide should be to support a robust and balanced global recovery, with a focus on promoting job creation,” said Shamshad Akhtar, UN Assistant Secretary-General for Economic Development.

Global growth has been revised slightly downward…

Social Development

UNDESA-DSPD, from 8 August to 5 September 2012, conducted a global online survey to gather inputs for consideration by the 51st session of the Commission for Social Development (CSocD), which took place from 6 to 15 February 2013.

The survey enabled the public worldwide to respond to a set of questions that were related to the priority theme of CSocD on “Promoting empowerment of people in achieving poverty eradication, social integration and full employment and decent work for all”.

The responses collected and selected from the first question “Empowerment: What does it mean to you?” was published in a separate booklet.

Social Development

The “Definitions of Empowerment” represents a collaborative effort, made possible by the answers received from people all over the world on the Empowerment theme. Their invaluable contributions were essential for the preparation of the Empowerment Publication.

In order to collect people’s ideas and experiences, the Division for Social Policy and Development (DSPD) of UNDESA launched an on-line survey on “Promoting Empowerment of People”.

We were glad to receive tens and tens of responses from young individuals, persons with disabilities, older persons, and people working for various institutions and organizations committed to social development issues. Their keen interest…

Economic Analysis and Policy

The World Economic Situation and Prospects 2013 presents a post-crisis world economy still struggling with continued weakening growth of 2.2 per cent in 2012. It projects disappointing global growth of 2.4 per cent in 2013 and 3.2 per cent in 2014 in the face of major uncertainties and downside risks. A much slower pace of poverty reduction is predicted in many developing countries and narrowing fiscal space for investments in the many critical areas needed for achieving the Millennium Development Goals. The World Economic Situation and Prospects 2013 calls for more forceful and concerted policy action at the global level, identifying fiscal and employment policies,…

Economic Analysis and Policy

The financial needs of developing countries have long outstripped the willingness and ability of donors to provide aid. Addressing this challenge, the survey proposes an international tax, combined with other innovative financing mechanisms, to raise more than $400 billion annually for development and global challenges such as fighting climate change.

Launched on 5 July, the survey reveals that in the midst of difficult financial times, many donor countries have cut back on development assistance. In 2011, for the first time in many years, aid flows declined in real terms.

“We are suggesting various ways to tap resources through international mechanisms, such as…

Statistics

The report presents the yearly assessment of global progress towards the MDGs, highlighting several milestones – three important MDG targets have been met well ahead of the target date of 2015. The report says that meeting the remaining targets, while challenging, remain possible – but only if Governments do not waiver from their commitments made over a decade ago.

Based on a master set of data compiled by the Inter-Agency and Expert Group on MDG indicators led by DESA’s Statistics Division, the 2012 report outlines gains in poverty reduction and access to safe drinking water, and an improvement in the lives of slums dwellers in urban areas. The report also highlights important…