Economic Analysis

The site improves the utility and accessibility of UNCTAD’s nowcasts for the international community.

Experts propose bold policy ideas and innovative financing instruments to help developing countries build forward better.

The world is on the brink of a “perfect storm” of crises, warns UN Secretary-General António Guterres. Dire consequences of the war on global food, energy and financial markets could upend billions of lives.

UNCTAD alerts global economic growth will decrease to 2.6% from 3.6% for 2022 and that developing countries will need $310 billion to meet their external public debt service requirements this year.

Written by Piergiuseppe Fortunato, UNCTAD Economist

The coronavirus pandemic hits developing countries at a time when they have already been struggling with unsustainable debt burdens for many years, as well as with rising health needs. UNCTAD calls for $1 trillion in debt relief.

The consequences of a combined health pandemic and a global recession will be catastrophic for many developing countries and halt their progress towards the Sustainable Development Goals.

Downside scenario sees a $2 trillion shortfall in global income. UNCTAD calls for coordinated policymaking to prevent a global economic meltdown.

Economic prospects threatened by weak support for multilateralism, tight financial conditions and trade tensions, says new UN World Economic Situation and Prospects report.

Global economic growth should increase over the next two years with continuing signs of improvement, according to the United Nations World Economic Situation and Prospects 2014 (WESP) report. But, several uncertainties and downside risks continue to loom.