These are the main points from the newest report, World Economic Situation and Prospects (WESP) 2017, released on 17 January 2017.
The report features global and regional economic forecasts for 2017 and 2018, as well as risks and uncertainties in the near term. It also provides detailed analysis on international trade and international finance. The report is produced at the beginning of each year by UN DESA, the UN Conference on Trade and Development (UNCTAD), the five UN regional commissions and the World Tourism Organisation (UNWTO).
The Trade and Development Report 2015: Making the International Financial Architecture Work for Trade and Development, identifies some of the critical issues to be addressed in order to establish a more stable and inclusive international monetary and financial system which can support trade and development challenges over the coming years. The Report considers existing shortcomings, analyses emerging vulnerabilities and examines proposals and initiatives for reform. Continue reading →
UNCTAD’s report on assistance to the Palestinian people states that Gaza could become uninhabitable by 2020 if current economic trends persist. In addition to eight years of economic blockade, in the past six years, Gaza has endured three military operations that have shattered its ability to export and produce for the domestic market, ravaged its already debilitated infrastructure, left no time for reconstruction and economic recovery, and accelerated the de-development of the Occupied Palestinian Territory, a process by which development is not merely hindered but reversed. Continue reading →
UNCTAD and the Ministry of Trade, Industries, Cooperatives, and Ni-Vanuatu Business organized a 2nd National Stakeholder Workshop on Vanuatu’s National Green Export Review (NGER)) to develop recommendations and national action plans aimed at enhancing value-added and export capacity for copra/coconut, cocoa and sandalwood products in Port Vila, Vanuatu, on 6-7 August 2015. The meeting was held in the wake of Cyclone Pam which, in March 2015, virtually destroyed the Pacific island archipelago. Continue reading →
The challenges and opportunities that the ocean economy and sustainable fisheries trade bring to Pacific Small Island Developing States (SIDS) were the subject of a regional consultation organised by UNCTAD, the Melanesian Spearhead Group (MSG), the Pacific Island Forum Fisheries Agency (FFA), the Vanuatu Department of Fisheries (VFD) and Papua New Guinea National Fisheries Authority (PNG NFA) in Port Vila, Vanuatu, on 5 August 2015. Continue reading →
This year’s World Investment Report, the 25th in the series, aims to inform global debates on the future of the international policy environment for cross-border investment. Following recent lackluster growth in the global economy, this year’s Report shows that Foreign Direct Investment (FDI) inflows in 2014 declined 16 per cent to $1.2 trillion. However, recovery is in sight in 2015 and beyond. FDI flows today account for more than 40 per cent of external development finance to developing and transition economies. Continue reading →