Foreword

Part one of the present edition of the World Economic and Social Survey chronicles a remarkable recovery in the world economy after the crisis years 1997-1999. Although, possibly fortuitously, the volume of international financial flows has not returned to its pre-crisis level, international financial markets are again displaying a sense of calm. International trade has also largely recovered from the setback it suffered following the financial crises. Although the losses incurred during 1997-1999 can never be made up, rates of economic growth in most countries, most notably in the crisis countries, have recovered or are in the process of recovering. For those directly affected, however, many of the social consequences of the crisis persist, with unemployment and poverty levels remaining higher than they were a few years ago.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Climate Action