The world continues to confront multiple inter-connected crises. Amid a slow recovery from the impact of the COVID-19 pandemic the world is facing a food and energy crisis exacerbated by the war in Ukraine with record high inflation unleashing a cost-of-living crisis. Developing countries are in trouble over the costs of imports and debt servicing and a climate crisis continues to wreak havoc in the most vulnerable countries and populations. Amid monetary tightening subdued consumption and private investments judicious government spending will remain critical for steering economic recovery worldwide. The World Economic Situation and Prospects 2023 will underscore the imperative of supportive and accommodative fiscal measures to lift growth and accelerate SDG progress.

This is the United Nations definitive report on the state of the world economy providing global and regional economic outlook for 2020 and 2021. A once-in-a-century crisis—a Great Disruption unleashed by a viral pandemic—hit the world economy in 2020. The pandemic spread like a forest fire reaching every corner of the world infecting more than 90 million and killing close to 2 million people worldwide. For several months uncertainties and panic paralysed most economic activities in both developed and developing economies. Trade and tourism came to a grinding halt while job and output losses exceeded levels seen in any previous crisis. In a matter of months the number of people living in poverty increased sharply while income and wealth inequality trended towards new highs. Governments around the world responded rapidly—and boldly—to stem the health and economic contagion of the crisis. Fiscal and monetary stimulus packages were quickly rolled out to save the economy. The crisis responses however entailed difficult choices between saving lives and saving livelihoods between speed of delivery and efficiency and between short-term costs and long-term impacts. Limited fiscal space and high levels of public debt constrained the ability of many developing countries to roll out sufficiently large stimulus packages. This report was produced by the Department of Economic and Social Affairs the five United Nations regional commissions the United Nations Conference on Trade and Development with contributions from the UN World Tourism Organization and other intergovernmental agencies.

The United Nations definitive report on the state of the world economy providing global and regional economic outlook for 2019 and 2020. Produced by the Department of Economic and Social Affairs the five UN regional commissions the United Nations Conference on Trade and Development with contributions from the UN World Tourism Organization.

The World Economic Situation and Prospects (WESP) is the definitive report of the United Nations on the state of the world economy. One of the most highly anticipated economic reports from the United Nations it is jointly produced by the Department of Economic and Social Affairs the United Nations Conference on Trade and Development and the five United Nations Regional Commissions.

This publication is the definitive report of the United Nations on the state of the world economy. It is jointly produced by the Department of Economic and Social Affairs the United Nations Conference on Trade and Development and the five United Nations Regional Commissions. Global economic growth is forecast to increase marginally over the next two years at 3.1% in 2015 and 3.3% in 2016 compared with an estimated growth of 2.6 per cent for 2014. An expected US interest rate increase remaining euro area fragility a further slowdown in developing economies and several geopolitical conflicts pose major concerns for the global economic outlook today.

The World Economic Situation and Prospects (WESP) is the definitive report of the United Nations on the state of the world economy. WESP 2013 will highlight the continuing Euro debt crisis the protracted jobs crisis and the possibility for the world economy to plunge back into another recession. One of the most highly anticipated economic reports from the United Nations it is jointly produced by the Department of Economic and Social Affairs the United Nations Conference on Trade and Development and the five United Nations Regional Commissions.

The World Economic Situation and Prospects (WESP) is the definitive report of the United Nations on the state of the world economy. One of the most highly anticipated economic reports from the United Nations it is jointly produced by the Department of Economic and Social Affairs the United Nations Conference on Trade and Development and the five United Nations Regional Commissions. It provides an overview of recent global economic performance and short-term prospects for the world economy and of some key global economic policy and development issues.

The World Economic Situation and Prospects (WESP) is the definitive report of the United Nations on the state of the world economy. One of the most highly anticipated economic reports from the United Nations it is jointly produced by the Department of Economic and Social Affairs the United Nations Conference on Trade and Development and the five United Nations Regional Commissions. It provides an overview of recent global economic performance and short-term prospects for the world economy and of some key global economic policy and development issues.

The World Economic Situation and Prospects (WESP) is the definitive report of the United Nations on the state of the world economy. One of the most highly anticipated economic reports from the United Nations it is jointly produced by the Department of Economic and Social Affairs the United Nations Conference on Trade and Development and the five United Nations Regional Commissions. It provides an overview of recent global economic performance and short-term prospects for the world economy and of some key global economic policy and development issues.

The World Economic Situation and Prospects (WESP) is the definitive report of the United Nations on the state of the world economy. One of the most highly anticipated economic reports from the United Nations it is jointly produced by the Department of Economic and Social Affairs the United Nations Conference on Trade and Development and the five United Nations Regional Commissions. It provides an overview of recent global economic performance and short-term prospects for the world economy and of some key global economic policy and development issues.