World Economic Situation and Prospects 2020

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This is the United Nations definitive report on the state of the world economy, providing global and regional economic outlook for 2020 and 2021. 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.




At the September SDG Summit in New York, world leaders called for accelerated implementation of the 2030 Agenda for Sustainable Development. In response, I launched the Decade of Action to deliver the Sustainable Development Goals by 2030. As we enter the new decade, we face a complex set of development challenges. The global economy is suffering a significant and widespread slowdown amid prolonged trade disputes and wide-ranging policy uncertainties; poverty rates are increasing in numerous countries; climate risks are more pressing than ever; and inequalities remain broad within and among countries. This is the backdrop as policymakers strive to advance on the SDGs.


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