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 World Economic Situation and Prospects 2014 reports that the global economy is improving but remains vulnerable to new and old headwinds. Global economic growth is forecast to accelerate from a sluggish 2.1 per cent in 2013 to 3.0 per cent in 2014 and 3.3 per cent in 2015. The report warns of the risks associated with the upcoming unwinding of quantitative easing programs in major developed economies.