Showing posts from May 13, 2018
World Economic Situation and ProspectsON MAY 18, 2018 BY NARESH SAGARLEAVE A COMMENTEDIT
UN: Growth in global economy exceeds expectations, but increased risks could threaten economic outlook Global growth expected to exceed 3% for 2018 and 2019 17 May – Growth in the world economy is surpassing expectations and global GDP is now expected to expand by more than three per cent this year and in 2019, reflecting strong growth in developed countries and broadly favourable investment conditions, a new UN report finds. But rising trade tensions, heightened uncertainty over monetary policy, increasing debt levels and greater geopolitical tensions can potentially thwart progress, according to the United Nations World Economic Situation and Prospects (WESP) as of mid-2018, launched today in New York. According to the report, world economic growth is now forecast to reach 3.2 per cent both in 2018 and 2019, an upward revision by 0.2 and 0.1 percentage point, respectively. This revised outlook refl…