economy

Human rights are ‘key’ for economic policymaking says UN expert

Calling on governments to take human rights obligations into account when designing economic reforms, an independent United Nations rights expert said on Monday that “human rights impact assessments are key to the process”.

Economy on a steady rise in Latin America and Caribbean region ‘despite international turbulence’ – UN report

Amid external uncertainty and volatility, the economies of Latin America and the Caribbean will grow by an average of 1.5 per cent this year, thanks to a rebound in private consumption and a slight increase in investment, according to a United Nations flagship report issued on Thursday.

World Bank sees ‘moderate’ pick up for global economy in 2017 despite weak investment

Global economic growth is forecast to accelerate moderately to 2.7 per cent in 2017 after a post-crisis low last year, the World Bank said in a report released today.

World Bank downgrades global growth in 2016; cites slowdown in major emerging economies

Global growth disappointed again in 2015 – slowing to 2.4 per cent – and is expected to recover at a slower pace than previously envisioned, the World Bank Group said today in a new report, which also warned that a broad-based slowdown across developing countries could pose a threat to hard-won gains in raising people out of poverty.

World economic growth falls below last forecast, only modest improvement foreseen – UN

The world economy has fallen below forecasts of even six months ago and will grow only modestly over the next two years due to “cyclical and structural headwinds,” including low commodity prices and stagnant investment, the United Nations reported today, urging steps to ensure stronger growth.

International Monetary Fund downgrades global growth forecast, despite cheaper oil

Despite a sharp decline in oil prices, the International Monetary Fund (IMF) in its latest economic outlook today lowered growth expectations for this year and the next for most countries due to slowdown in investment, and urged governments and central banks to pursue economic stimulation policies and structural reforms to boost growth.

UN reports potential for gradual return to global growth, foresees risks, uncertainties

Global economic growth is forecast to continue increasing over the next two years, the United Nations reported today, despite legacies from the financial crisis continuing to weigh on growth, and the emergence of new challenges, including geopolitical conflicts such as in Ukraine, and the Ebola outbreak in West Africa.

At UN conference, countries share green solutions for development challenges

Representatives from some 150 countries today gathered at the headquarters of the United Nations Environment Programme (UNEP) in Nairobi, Kenya, to tackle development challenges and discuss ways to harness environmentally-friendly solutions developed in the global South.

Global economy risks falling into renewed recession, warns UN report

World economic growth has weakened considerably during 2012 and is expected to remain subdued in the coming two years, says a new United Nations report, which calls for policy changes to spur growth and tackle the jobs crisis.

Guinea-Bissau development expert named head of UN Economic Commission for Africa

Secretary-General Ban Ki-moon today appointed Carlos Lopes of Guinea-Bissau as the new Executive Secretary of the United Nations Economic Commission for Africa (UNECA).