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Economic growth ‘exceeds expectations’ but trade tensions are rising: UN report

Economic growth ‘exceeds expectations’ but trade tensions are rising: UN report

Introduction:

Global economic growth is exceeding expectations this year but heightened geopolitical tension and uncertainty over international trade could thwart progress, according to a new UN report.

Launched today at UN Headquarters in New York, the World Economic Situation and Prospects (WESP) forecasts better-than-expected world economic growth at 3.2 per cent for the next two years, but also warns of increased risks to global trade and continually high rates of inequality.

Omar Musni spoke to Dawn Holland, Chief of the Global Economic Monitoring Branch at the UN Department of Economic and Social Affairs, who explained what has changed for the latest report.

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Global economic growth is exceeding expectations this year but heightened geopolitical tension and uncertainty over international trade could thwart progress, according to the World Economic Situation and Prospects (WESP), launched today at UN Headquarters in New York. The report forecasts better-than-expected world economic growth at 3.2 per cent for the next two years, but also warns of increased risks to global trade and continually high rates of inequality.

Omar Musni spoke to Dawn Holland, Chief of the Global Economic Monitoring Branch at the UN Department of Economic and Social Affairs, who explained what has changed for the latest report.

Audio Credit
Omar Musni, UN News
Audio Duration
8'37"
Photo Credit
John Hogg/World Bank