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World Economic Situation and Prospects 2017

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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.

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Regional developments and outlook

Developed economies are expected to see a slight increase in economic growth from 1.5 per cent in 2016 to 1.7 per cent in 2017 and 1.8 per cent in 2018, driven by relatively strong private consumption. Improvement in employment and subdued inflation continue to support households’ purchasing power. At the same time, accommodative monetary policy stances will support economic activity, especially in Europe and Japan, although the limitations of unconventional monetary policy measures increasingly illustrate the need for a broader policy approach to create a more dynamic growth trajectory.

English

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