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World Economic Situation and Prospects 2015

image of World Economic Situation and Prospects 2015

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.

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International finance for sustainable development

In 2015, the international community will adopt a new development agenda, aiming to end poverty and promote sustainable development globally and in every nation. Since the launch of the United Nations World Commission on Environment and Development report, “Our Common Future”, twenty-five years ago, the global community has significantly advanced its understanding of the interlinkages between the economic, social and environmental dimensions of sustainable development, while the rapid pace of technological progress and economic globalization has dramatically reshaped the real economy. At the same time, since the United Nations adopted the Monterrey Consensus on Financing for Development in 2002, the global financial system has become much more complex; however, the mechanisms for managing finance at both domestic and international levels have not kept pace with this increased complexity or the imperatives of sustainable development.

English

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