global economy

Amidst high trade tensions and policy uncertainty, UN cuts economic growth forecast

Against a backdrop of unresolved trade tensions, high international policy uncertainty and softening business confidence, the UN on Tuesday announced a broad-based slowdown in the global economy and cut its growth predictions. 

Toxic combination of economic woes hangs over global growth: UN expert

“A global economic downturn and a lack of political leadership are a combination that could end very badly for the world’s economy”, a leading UN financial expert has warned.  In an interview with Daniel Johnson of UN News, Richard Kozul-Wright, a globalization expert and Director with the Trade and Development agency UNCTAD, gives his assessment of the “entrenched” economic factors dragging down growth.

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Global economic growth steady but uneven, posing challenges for development

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.  Dawn Holland, Chief of the Global Economic Monitoring Branch in the UN’s Department of Economic and Social Affairs (UN DESA), spoke to UN News's Liz Scaffidi.

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News in Brief 9 January 2019

  • ‘Relative calm’ in Yemen port cities following UN-backed ceasefire agreement
  • ‘Storm clouds brewing for global economy’: World Bank
  • ILO celebrates 100 years of advancing social justice
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Multilateral trade challenged by ‘increasingly unilateral trade measures,’ UN forum hears

Despite the improved economic growth, risks to the economic outlook are rising, the United Nations economic and social affairs chief said on Thursday, warning against “increasingly unilateral trade measures” that are challenging the multilateral trading system.

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

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.

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

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

News In Brief 22 January 2018

  • “Dignity is Priceless” global campaign launches for Palestine Refugees
  • Unemployment stabilizes through recovery, but 192 million still jobless
  • Nearly 3 billion needed to tackle multiple crises in war-torn Yemen
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Economic growth to accelerate in Africa but challenges remain

Economic growth in Africa is expected to accelerate to 4.2 per cent in 2016 following a disappointing performance last year.

Overall global growth is forecast at just under 3 per cent.

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Economic growth predicted at 0.5% in Latin America and Caribbean

Economic growth in Latin America and the Caribbean will average out at half a per cent in 2015, according to  the UN Economic Commission for Latin America and the Caribbean (ECLAC).

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