World Economic Situation and Prospects 2022 - the United ...

After expanding by 5.5 per cent in 2021, the global output is projected to grow by only 4.0 per cent in 2022 and 3.5 per cent in 2023, ... SkiptoContent WelcometotheUnitedNations Togglenavigation HomeWorldEconomicSituationandProspects2022 WorldEconomicSituationandProspects2022 13January2022 UNwarnsglobaleconomicrecoveryislosingsteam TheglobaleconomicrecoveryisfacingsignificantheadwindsamidnewwavesofCOVID-19infections,persistentlabourmarketchallenges,lingeringsupply-chainchallengesandrisinginflationarypressures.Afterexpandingby5.5percentin2021,theglobaloutputisprojectedtogrowbyonly4.0percentin2022and3.5percentin2023,accordingtotheUnitedNationsWorldEconomicSituationandProspects(WESP)2022,whichwaslaunchedtoday. Therobustrecoveryin2021–drivenbystrongconsumerspendingandsomeuptakeininvestment,withtradeingoodssurpassingpre-pandemiclevels—markedthehighestgrowthrateinmorethanfourdecades,theReporthighlighted.Yetthemomentumforgrowth–especiallyinChina,theUnitedStatesandtheEuropeanUnion–slowedconsiderablybytheendof2021,astheeffectsofmonetaryandfiscalstimulibegantorecedeandmajorsupply-chaindisruptionsemerged.Risinginflationarypressuresinmanyeconomiesareposingadditionalriskstorecovery. "Inthisfragileandunevenperiodofglobalrecovery,theWorldEconomicSituationandProspects2022callsforbettertargetedandcoordinatedpolicyandfinancialmeasuresatthenationalandinternationallevels.Thetimeisnowtoclosetheinequalitygapswithinandamongcountries.Ifweworkinsolidarity–asonehumanfamily–wecanmake2022atrueyearofrecoveryforpeopleandeconomiesalike." -AntónioGuterres Secretary-GeneraloftheUnitedNations WiththehighlytransmissibleOmicronvariantofCOVID-19unleashingnewwavesofinfections,thehumanandeconomictollofthepandemicareprojectedtoincreaseagain.“WithoutacoordinatedandsustainedglobalapproachtocontainCOVID-19thatincludesuniversalaccesstovaccines,thepandemicwillcontinuetoposethegreatestrisktoaninclusiveandsustainablerecoveryoftheworldeconomy,”notedLiuZhenmin,Under-Secretary-GeneraloftheUnitedNationsDepartmentofEconomicandSocialAffairs. FullReport: English(11mb) ExecutiveSummary: English(177kb) Chapters&Info: TableofContents(351kb) ChapterI:Globaleconomicoutlook (888kb) ChapterII:ThemonetarypolicyresponsetoCOVID-19:directimpactsandspillovers (711kb) ChapterIII:Regionaldevelopmentsandoutlook(8mb) Developedeconomies(2mb) Economiesintransition(2mb) Africa(1mb) EastAsia(1mb) SouthAsia(1mb) WesternAsia(1mb) LatinAmericaandtheCaribbean(1mb) Annex(2mb) Bibliography(413kb) PressRelease: (1.2mb)العربية  中文(578kb), English(101kb), Français(comingsoon), Русский(986kb), Español(comingsoon) RegionalPressReleases: Europe English(1mb) Français(comingsoon) Español(comingsoon) WesternAsia English(947kb), (comingsoon)العربية Africa English(1mb) French(comingsoon) CommonwealthofIndependentStates English(1.1mb), Русский(comingsoon) East&SouthAsia English(944kb), 中文(comingsoon) LatinAmerica&Caribbean English(1mb) Español(comingsoon) AdditionalInfo: Infographics: Video:ExpertVoices:Behindthenumbers:predictingthestateofourglobaleconomy Resilientinfrastructureisalifelineforsustainabledevelopmentintimesoftheclimatecrisis(1mb) Optimisedfor:Facebook TheGreatResignation:globalemploymentremainswellbelowpre-pandemiclevels(1mb) Optimisedfor:Facebook Noendinsightforsupplyshortagesandnetworkdisruptionsinglobaltrade(964kb) Optimisedfor:Facebook RegionalGDP:DevelopedEconomies(1mb) Optimisedfor:Facebook,Twitter RegionalGDP:EconomiesinTransition(1mb) Optimisedfor:Facebook,Twitter RegionalGDP:Africa(964kb) Optimisedfor:Facebook,Twitter RegionalGDP:EastAsia(1mb) Optimisedfor:Facebook,Twitter RegionalGDP:SouthAsia(1mb) Optimisedfor:Facebook,Twitter RegionalGDP:WesternAsia(964kb) Optimisedfor: Facebook,Twitter RegionalGDP:LatinAmerica&Caribbean Optimisedfor: Facebook,Twitter TheWorldEconomicSituationandProspectsReport2022isareportproducedbytheUnitedNationsDepartmentofEconomicandSocialAffairs(UNDESA),inpartnershipwiththeUnitedNationsConferenceonTradeandDevelopment(UNCTAD)andthefiveUnitedNationsregionalcommissions(EconomicCommissionforAfrica(ECA),EconomicCommissionforEurope(ECE),EconomicCommissionforLatinAmericaandtheCaribbean(ECLAC),EconomicandSocialCommissionforAsiaandthePacific(ESCAP)andEconomicandSocialCommissionforWesternAsia(ESCWA).TheUnitedNationsWorldTourismOrganization(UNWTO)alsocontributedtothereport. FullReport|WESP GlobalMacroeconomicProspects GlobalEconomicMonitoringBranch(GEMB) WorldEconomicSituationandProspects(WESP)FullReport|WorldEconomicSituationandProspects(WESP)report Download: WorldEconomicSituationandProspects2022 FillinthefieldsandclickSignmeuporhitEntertosubmityoursubscription Name Email Country Signmeup! FollowUs /*-----------------------------------------*/ /*View:AttachmentsonPublications-start*/ /*-----------------------------------------*/ #contentul.sidebar-filtered-attachment{ padding-left:0; } #contentul.sidebar-filtered-attachmentp.download-label{ margin-bottom:0; margin-top:1em; color:#4d4d4d; font-weight:700; text-transform:uppercase; } #contentul.sidebar-filtered-attachmentp.attachmenta{ font-weight:700; } #contentul.sidebar-filtered-attachment.addthis_sharing_toolbox{ display:none; } /*-----------------------------------------*/ /*View:AttachmentsonPublications-end*/ /*-----------------------------------------*/ /*-----------------------------------------*/ /*View:AttachmentsonPublicationsImage-start*/ /*-----------------------------------------*/ #contentul.sidebar-filtered-attachment{ padding-left:0; } #contentul.sidebar-filtered-attachmentp.download-label{ margin-bottom:0; margin-top:1em; color:#4d4d4d; font-weight:700; text-transform:uppercase; } #contentul.sidebar-filtered-attachmentp.attachmenta{ font-weight:700; } /*-----------------------------------------*/ /*View:AttachmentsonPublicationsImage-end*/ /*-----------------------------------------*/ /*-----------------------------------------*/ /*ContentTemplate:PublicationsTemplateDefault-start*/ /*-----------------------------------------*/ /*Extraspacingforreadingblocks*/ body.singlearticlesection{ padding-left:2em; padding-right:2em; } body.singlearticlesectionp{ line-height:1.8em; } /*Footer*/ #footer-wrapper{ border-top:1pxsolid#4D4D4D; } footer{ padding-bottom:2em; } footerh6{ margin-top:.8em; font-size:14px; } footerh6:after{ background-color:#414042; content:""; display:block; height:1px; width:3em; margin:.3em0.8em; } footerlia{ color:#000; font-size:12px; line-height:17px; } footerlia:active, footerlia:focus, footera:hover{ text-decoration:underline; cursor:pointer; } /*RSSFeeds*/ a.rsswidget{ font-weight:700; padding-bottom:10px; } div.rssSummary{ padding-top:10px; } #home-widgetsdivulli:before, #sidebar-rightdivulli:before{ margin:0; content:none; } #contentdiv.col-md-9img.alignright, #contentdiv.col-md-9img.alignleft, #contentdiv.col-md-9img.aligncenter{ border:1px#cccsolid; } #contentdiv.col-md-9img.wp-post-image+h2{ font-size:2em; } #content#rss-6ul, #contentul.rpwe-ul{ padding-left:0; } #content#rss-6ul{ padding-top:1em; } #content.rpwe-img{ float:left; padding:.2em.6em00; } #content.rpwe-time{ font-size:.8em; font-style:italic; color:gray; } #sidebar-right.widget{ padding:0; } #sidebar-rightheaderh3{ padding-left:.6em; padding-right:.6em; } /*LyrisBox*/ .lyris-stacked-signupheader, .lyris-stacked-signupheaderh3:after{ display:none; } /*ShareBoxFix*/ #atstbx2,#atstbx3,#atstbx4,#atstbx5{ display:none; } /*BodyFooter*/ #body-footer-text{ background-color:#f2f2f2; padding:2em; border-bottom:dotted.3em#ccc; border-top:dotted.3em#ccc; font-size:86%; } img.author-headshot{ border:solid1px#4d4d4d; margin:01.2em1.5em0; } /*CropDefaultImage*/ body.singlearticleimg.wp-post-image.native-size{ float:none; margin:003px0; height:200px; object-fit:cover; width:100%; object-position:50%50%; border-bottom:dotted.3em#ccc; border-top:solid8px#f2f2f2; border-left:solid8px#f2f2f2; border-right:solid8px#f2f2f2; } /*TaxonomyLinks*/ #body-taxonomy-links:before{ background-color:#414042; content:""; display:block; height:1px; width:3em; margin-bottom:.5em; } #sdg-icon-image{ position:absolute; top:150px; right:3em; } #sdg-icon-imageimg.attachment-full.native-size{ width:60px; } /*-----------------------------------------*/ /*ContentTemplate:PublicationsTemplateDefault-end*/ /*-----------------------------------------*/ /*-----------------------------------------*/ /*ContentTemplate:PublicationsBodyTemplate-start*/ /*-----------------------------------------*/ /*-----------------------------------------*/ /*ContentTemplate:PublicationsBodyTemplate-end*/ /*-----------------------------------------*/ /*-----------------------------------------*/ /*ContentTemplate:MediaLink-start*/ /*-----------------------------------------*/ /*-----------------------------------------*/ /*ContentTemplate:MediaLink-end*/ /*-----------------------------------------*/