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MOST DOWNLOADED PUBLICATIONS THIS WEEK

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 1. Publications
 2. World Economic Situation and Prospects 2023


WORLD ECONOMIC SITUATION AND PROSPECTS 2023

Publication Date: January 2023
Category: Economic Analysis and Policy
Number of Pages: 176
Language: English
Related Information:
 * World Economic Situation and Prospects 2023

Publication File:
World Economic Situation and Prospects 2023 11.65 MB
Additional Files:
WESP 2023 Executive Summary English432.02 KBWESP 2023 Executive Summary
French400.67 KBWESP 2023 Executive Summary Chinese495.16 KBWESP 2023 Executive
Summary Spanish397.22 KBWESP 2023 Executive Summary Russian401.39 KBWESP 2023
Executive Summary Arabic438.53 KB
Citation: United Nations (2023). World Economic Situation and Prospects 2023.
New York.

A series of severe and mutually reinforcing shocks — the COVID-19 pandemic, the
war in Ukraine and resulting food and energy crises, surging inflation, debt
tightening, as well as the climate emergency — battered the world economy in
2022. Against this backdrop, world output growth is projected to decelerate from
an estimated 3.0 per cent in 2022 to 1.9 per cent in 2023, marking one of the
lowest growth rates in recent decades.

The World Economic Situation and Prospects 2023 presents a gloomy and uncertain
economic outlook for the near term. Global growth is forecast to moderately pick
up to 2.7 per cent in 2024 as some of the headwinds will begin to subside.
However, this is highly dependent on the pace and sequence of further monetary
tightening, the course and consequences of the war in Ukraine, and the
possibility of further supply-chain disruptions.

The tepid global economic prospects also threaten the achievement of the 17
Sustainable Development Goals (SDGs), when the 2023 SDG Summit in September
marks the mid-point of the implementation of the 2030 Agenda. 

“This is not the time for short-term thinking or knee-jerk fiscal austerity that
exacerbates inequality, increases suffering and could put the SDGs farther out
of reach. These unprecedented times demand unprecedented action,” said António
Guterres, United Nations Secretary-General. “This action includes a
transformative SDG stimulus package, generated through the collective and
concerted efforts of all stakeholders,” he added.


RELATED SUSTAINABLE DEVELOPMENT GOALS

SDG 8 Decent Work and Economic Growth
Learn More
SDG 10 Reduced Inequalities
Learn More
SDG 16 Peace Justice and Strong Institutions
Learn More


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