Issue Brief on “The United Nations ‘World Economic Situation and Prospects 2018’”

The World Economic Situation and Prospective Report (WESP) was launched on December 11, 2017.The Report is a collaborative effort by the UNDESA, UNCTAD and five UN regional economic commissions and the WTO. The objective of this report is to help policymakers address issues that continue to hinder progress towards sustainable development and formulate policies aimed at strengthening the environmental quality of economic growth, making economic growth more inclusive and tackling institutional deficiencies.[1]

The newest WESP highlights the strengthening of global economy which provides an opportunity to address structural challenges as crisis-related instabilities and the adverse effects of recent global shocks wane. This may encourage the rebound in capital spending needed to revive global productivity growth and to accelerate progress towards the Sustainable Development Goals (SDGs), this is because investment conditions have improved in many countries.[2]

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