#body-taxonomy-links:before { /* ----------------------------------------- */ The world, however, could see a slight uptick in economic activity in 2020 if risks are kept at bay, according to the United Nations World Economic Situation and Prospects (WESP) 2020, which was launched today.The Report states that growth of 2.5 per cent in 2020 is possible, but a flareup of trade tensions, financial turmoil, or an escalation of geopolitical tensions could derail a recovery. width: 100%; display:none; /* ----------------------------------------- */ } } If per capita emissions in developing countries were to rise towards those in developed economies, global carbon emissions would increase by more than 250 per cent – compared to the global goal of reaching net zero emissions by 2050.The urgency of energy transition continues to be underestimated, resulting in short-sighted decisions such as expanding investment in oil and gas exploration and coal-fired power generation.
Incorporated as a not-for-profit foundation in 1971, and headquartered in Geneva, Switzerland, the Forum is tied to no political, partisan or national interests. }
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margin-bottom: 0; #content ul.sidebar-filtered-attachment p.attachment a { background-color: #414042; /* Lyris Box */ body.single article img.wp-post-image.native-size { /* View: Attachments on Publications Image - start */ #content .rpwe-time { } The World Economic Situation and Prospects 2020 warns that economic risks remain strong, aggravated by deepening political polarization and increasing scepticism about the benefits of multilateralism. 8World Economic Situation and Prospects 2020 about 40 per cent of products in developed countries. Sustained progress towards poverty reduction will require both a significant boost to productivity growth and firm commitments to tackle high levels of inequality. margin-top: .8em;
This requires prioritizing investment in sustainable development projects to promote education, renewable energy, and resilient infrastructure,” emphasized Elliott Harris, UN Chief Economist and Assistant Secretary-General for Economic Development.To combat climate change, the world’s growing energy needs must be met with renewable or low-carbon energy sources. #atstbx2, #atstbx3, #atstbx4, #atstbx5 {
#content #rss-6 ul, /* ----------------------------------------- */ #content div.col-md-9 img.aligncenter { #sidebar-right .widget { } #content ul.sidebar-filtered-attachment { /* ----------------------------------------- */ #content div.col-md-9 img.alignleft, footer li a { These risks could inflict severe and long-lasting damage on development prospects.
World Economic Situation and Prospects 2020 16 January 2020 The global economy has suffered a significant slowdown amid prolonged trade disputes and wide-ranging policy uncertainties.
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margin-bottom: 0; .lyris-stacked-signup header, border-right: solid 8px #f2f2f2; margin-top: 1em; padding: 0; font-size: 2em; color: gray; A prolonged weakness in global economic activity may cause significant setbacks for sustainable development, including the goals to eradicate poverty and create decent jobs for all. display: none; img.author-headshot { } } body.single article section { border: 1px #ccc solid; line-height: 1.8em; padding-bottom: 10px;
/* Content Template: Publications Template Default - end */ top: 150px; #sdg-icon-image img.attachment-full.native-size { /* Content Template: Publications Body Template - start */ font-size: 86%; #content ul.rpwe-ul { content: ""; /* ----------------------------------------- */ /* Body Footer */ Growth in other large emerging countries, including Brazil, India, Mexico, the Russian Federation and Turkey, is expected to gain some momentum in 2020.Africa has experienced a decade of near stagnation in per capita GDP and many countries around the world are still ailing from the effects of the commodity price downturn of 2014-16, which resulted in persistent output losses and setbacks in poverty reduction.
Impacted by prolonged trade disputes, the global economy suffered its lowest growth in a decade, slipping to 2.3 per cent in 2019. /* ----------------------------------------- */ However, given persistent policy uncertainty, weak business confidence and waning fiscal stimulus, GDP growth in the United States is forecast to slow from 2.2 per cent in 2019 to 1.7 per cent in 2020. padding: .2em .6em 0 0; padding-top: 1em; /* ----------------------------------------- */ } } margin: 0; } /* ----------------------------------------- */ Description: Global growth is projected at –4.9 percent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast. padding-right: 2em; border-top: solid 8px #f2f2f2; Under the baseline scenario, GDP growth in developed countries will plunge to –5.0 per cent in 2020, while output of deve loping coun - tries will shrink by 0.7 per cent. } margin-top: 1em;
position:absolute; background-color: #f2f2f2; /* View: Attachments on Publications - start */ This not only leaves many investors and Governments exposed to sudden losses, but also poses substantial setbacks to environmental targets. /* ----------------------------------------- */
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