Overview by the Secretary-General of UNCTAD

The world economy has been losing steam in 1995. This year, growth in Latin America as a whole will fall from 3.7 per cent to 2 per cent - which is nearer to Africa's rate than Asia's. The developed market economies will also slow down, in part because ofthe cyclical deceleration in the United States, and in part because the decline ofthe dollar and import cuts in Latin America have weakened demand for the exports of Western Europe and Japan. However, growth in the developing countries of Asia will accelerate; and a number of countries in Central and Eastern Europe will also show continued advance. But commodity prices will on the whole be considerably below their 1994 levels.

Sustainable Development Goals:

Decent Work and Economic Growth

Partnerships for the Goals