{"id":2479,"date":"2024-03-23T12:09:54","date_gmt":"2024-03-23T12:09:54","guid":{"rendered":"https:\/\/geopoliticalcompass.com\/?p=2479"},"modified":"2024-03-23T12:12:16","modified_gmt":"2024-03-23T12:12:16","slug":"world-economic-situation-and-prospects-2020","status":"publish","type":"post","link":"https:\/\/geopoliticalcompass.com\/?p=2479","title":{"rendered":"World Economic Situation and Prospects 2020"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2479\" class=\"elementor elementor-2479\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f0b36a3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f0b36a3\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3f1bb65\" data-id=\"3f1bb65\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-54081ba elementor-widget elementor-widget-text-editor\" data-id=\"54081ba\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><b>Author:<\/b> <a href=\"https:\/\/www.un.org\/development\/desa\/dpad\/wp-content\/uploads\/sites\/45\/WESP2020_FullReport.pdf\"><span style=\"font-weight: 400\">United Nations<\/span><\/a><\/p><p><b>Affiliation:<\/b><span style=\"font-weight: 400\"> International NGO<\/span><\/p><p><b>Organization\/Publisher:<\/b><span style=\"font-weight: 400\"> United Nations\u00a0<\/span><\/p><p><b>Date\/Place:<\/b><span style=\"font-weight: 400\"> 2020, New York, U.S.\u00a0<\/span><\/p><p><b>Type of Literature:<\/b><span style=\"font-weight: 400\"> Report\u00a0<\/span><\/p><p><b>Number of Pages:<\/b><span style=\"font-weight: 400\"> 236<\/span><\/p><p><b>Link:<\/b><a href=\"https:\/\/www.un.org\/development\/desa\/dpad\/wp-content\/uploads\/sites\/45\/WESP2020_FullReport.pdf\"><span style=\"font-weight: 400\">https:\/\/www.un.org\/development\/desa\/dpad\/wp-content\/uploads\/sites\/45\/WESP2020_FullReport.pdf<\/span><\/a><\/p><p><b>Keywords: <\/b><i><span style=\"font-weight: 400\">Global Economics, Development Economics, Developments Goals, SDGs<\/span><\/i><\/p><p><b>Brief:<\/b><\/p><p><span style=\"font-weight: 400\">This report was produced by multiple United Nations Commissions as well as the International Labor Organization (ILO). This joint effort reflects the importance and in-depth presentation the report offers. The report gives prospects for the world\u2019s economy including: global growth, <\/span><span style=\"font-weight: 400\">inflation, labor markets, poverty and wellbeing, trade and prices, financial vulnerabilities, risks in trade and geopolitics, as well as monitory and fiscal policy. The report goes further to cover macroeconomic prospects and the 2030 agenda that covers rapid energy transition and the socioeconomic implications. There are resourceful countries, the powerful, and some possessing both power and resources but all nations depend on each other despite the nature of dependency. Finally, the report covers regional developments and outlooks. Major developed economies, economies in transition, and developing countries are reflected in the report. Report highlights include: 1) Slower world growth threatens to set back sustainable development efforts, 2) Risks are strongly tilted to the downside, 3) Fundamental macroeconomic challenges impede robust and inclusive growth, 4) A more balanced economic policy mix is urgently needed, 5) The global growth slowdown is largely attributed to weaker trade and investment activity, 6) The challenging global environment and policy uncertainty weigh on the outlook for developing countries, 7) Many commodity-dependent countries are still suffering from the downturn in prices, 8) Tackling inequality in income, wealth, and opportunities will require significant structural change. \u201cKey elements are a progressive fiscal structure, a sound social protection system, labor market policies that provide an adequate supply of quality employment, and measures to broaden access to education, health care and jobs.\u201d In conclusion, a one-line summary of the report\u2019s outcome would be that \u201cthe broad-based deterioration of global economic prospects may cause setbacks in the pursuit of development goals.\u201d\u00a0\u00a0<\/span><\/p><p><b>By:<\/b> <span style=\"font-weight: 400\">Abdalrahman Migdad, CIGA Research Fellow<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Author: United Nations Affiliation: International NGO Organization\/Publisher: United Nations\u00a0 Date\/Place: 2020, New York, U.S.\u00a0 Type of Literature: Report\u00a0 Number of Pages: 236 Link:https:\/\/www.un.org\/development\/desa\/dpad\/wp-content\/uploads\/sites\/45\/WESP2020_FullReport.pdf Keywords: Global Economics, Development Economics, Developments Goals, SDGs Brief: This report was produced by multiple United Nations Commissions as well as the International Labor Organization (ILO). This joint effort reflects the importance [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":2480,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[31],"tags":[],"class_list":["post-2479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-perspective-and-critical-research"],"blocksy_meta":[],"aioseo_notices":[],"featured_image_urls":{"full":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/World-Economic-Situation-and-Prospects-2020.webp",893,514,false],"thumbnail":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/World-Economic-Situation-and-Prospects-2020-150x150.webp",150,150,true],"medium":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/World-Economic-Situation-and-Prospects-2020-300x173.webp",300,173,true],"medium_large":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/World-Economic-Situation-and-Prospects-2020-768x442.webp",768,442,true],"large":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/World-Economic-Situation-and-Prospects-2020.webp",893,514,false],"1536x1536":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/World-Economic-Situation-and-Prospects-2020.webp",893,514,false],"2048x2048":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/World-Economic-Situation-and-Prospects-2020.webp",893,514,false]},"author_info":{"info":["CIGA Staff"]},"category_info":"<a href=\"https:\/\/geopoliticalcompass.com\/?cat=31\" rel=\"category\">Global Perspective &amp; Critical Research<\/a>","tag_info":"Global Perspective &amp; Critical Research","comment_count":"0","rttpg_featured_image_url":{"full":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/World-Economic-Situation-and-Prospects-2020.webp",893,514,false],"landscape":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/World-Economic-Situation-and-Prospects-2020.webp",893,514,false],"portraits":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/World-Economic-Situation-and-Prospects-2020.webp",893,514,false],"thumbnail":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/World-Economic-Situation-and-Prospects-2020-150x150.webp",150,150,true],"medium":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/World-Economic-Situation-and-Prospects-2020-300x173.webp",300,173,true],"large":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/World-Economic-Situation-and-Prospects-2020.webp",893,514,false],"1536x1536":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/World-Economic-Situation-and-Prospects-2020.webp",893,514,false],"2048x2048":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/World-Economic-Situation-and-Prospects-2020.webp",893,514,false]},"rttpg_author":{"display_name":"CIGA Staff","author_link":"https:\/\/geopoliticalcompass.com\/?author=23"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/geopoliticalcompass.com\/?cat=31\" rel=\"category\">Global Perspective &amp; Critical Research<\/a>","rttpg_excerpt":"Author: United Nations Affiliation: International NGO Organization\/Publisher: United Nations\u00a0 Date\/Place: 2020, New York, U.S.\u00a0 Type of Literature: Report\u00a0 Number of Pages: 236 Link:https:\/\/www.un.org\/development\/desa\/dpad\/wp-content\/uploads\/sites\/45\/WESP2020_FullReport.pdf Keywords: Global Economics, Development Economics, Developments Goals, SDGs Brief: This report was produced by multiple United Nations Commissions as well as the International Labor Organization (ILO). 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