Global Economy Will Expand by Over 3 Percent in 2018 & 2019: UN Report
New York (United Nations) - The United Nations is forecasting that the global economy will expand by more than 3 percent this year and next year.
The U.N.'s mid-year report on the World Economic Situation and Prospects launched Thursday says growth in the world economy is surpassing expectations, reflecting further economic expansion in developed countries and broadly favorable investment conditions.
However, "downside risks" have increased including "a rise in the probability of trade conflicts between major economies," it noted.
The report said other factors also pose risks including uncertainty over monetary policy, increasing debt levels, and greater geopolitical tensions including in the Korean peninsula, Middle East, South China Sea and Ukraine.
"Many commodity-exporting countries will also benefit from the higher level of energy and metal prices," the report said.
According to the U.N., world growth is now forecast to reach 3.2 percent in both 2018 and 2019, up from its forecast in December of 3 percent growth this year and 3.1 percent next year.
The U.N.'s mid-year report on the World Economic Situation and Prospects launched Thursday says growth in the world economy is surpassing expectations, reflecting further economic expansion in developed countries and broadly favorable investment conditions.
However, "downside risks" have increased including "a rise in the probability of trade conflicts between major economies," it noted.
The report said other factors also pose risks including uncertainty over monetary policy, increasing debt levels, and greater geopolitical tensions including in the Korean peninsula, Middle East, South China Sea and Ukraine.
"Many commodity-exporting countries will also benefit from the higher level of energy and metal prices," the report said.
According to the U.N., world growth is now forecast to reach 3.2 percent in both 2018 and 2019, up from its forecast in December of 3 percent growth this year and 3.1 percent next year.
Source : https://www.emouaten.com/english/Global-Economy-Wi...