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Global economic growth steady but uneven, posing challenges for development

Global economic growth steady but uneven, posing challenges for development

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While the global economy will continue to grow at a steady pace of around three percent in 2019 and 2020, that growth is expected to be uneven and may fail to reach where it is most needed.

This is according to the 2019 World Economic Situation and Prospects Report, launched on Monday, which underscores the importance of a dynamic and inclusive global economy to fulfil the 2030 Development Agenda and stave off the pressures posed by a raft of challenges, including  trade tensions, climate change and weakening trust on the multilateral front.

Dawn Holland, Chief of the Global Economic Monitoring Branch in the UN’s Department of Economic and Social Affairs (UN DESA), spoke to Liz Scaffidi about the report, beginning with the reality behind what appears, on the surface, to be solid global growth.

Audio Credit
Liz Scaffidi, UN News
Audio Duration
8'14"
Photo Credit
UN News/Elizabeth Scaffidi